I discussed this earlier. And now there are more people leaving AIG. Most likely, the ones staying are the idiots that can’t find employment elsewhere, or they’re just hard headed. In either case, AIG just cost the American tax payer $15 billion for Congress and the Ass-Clown in Chief to be outraged about RETENTION bonuses. How friggin’ stupid can you be?
Here’s Hot Air’s take:
More departures at AIG after bonus outrage
Jake DeSantis may have been the most publicly vocal departure at AIG after Congress and the media attacked his compensation, but he’s not alone. Reuters reports that several high-ranking executives at AIG have given notice. The insurance giant, 80% owned by the US at the moment, says it can get by for now, but more departures could cripple their ability to pay back taxpayers for the massive bailout:
Several more employees are leaving the controversial financial products unit that brought American International Group Inc to its knees last year, according to a person with knowledge of developments there.
The resignations are in addition to the “handful” of senior AIG Financial Products executives who have already given notice, said the person, who could not quantify the total number of departures.
To date, AIG said the situation at the financial products unit remains “manageable,” despite the departures. But if too many employees quit, Chief Executive Edward Liddy has warned it could be disastrous for AIG and, ultimately, for U.S. taxpayers who are the insurer’s majority owners.
Reuters manages to report correctly on the bonuses, a breath of fresh air after two weeks of media screeching and hyperbole about the supposed villains getting rich off the taxpayer teat:
Truth, Lies and In Between 