Shouldn't The Taxpayers Have a Say Over How Much AIG Pays It's CEO?

08-17-2009 • The Golden Truth

The new CEO of AIG is going to be paid $7 million per year plus incentives. Clusterstock.com justifies this by saying: "At some point if we're not going to quickly break up AIG, we're going to have to pay someone to run it." AIG should be liquidated, not enabled This is a complete cop-out. AIG should have been thrown into chapter 7 liquidation, but it was not in order to accommodate the monetization of AIG's derivatives counter-parties, led by Goldman Sachs. THAT WE ARE AWARE OF, close to $100 billion dollars has been shuffled from the U.S. Treasury, THRU AIG, and into the coffers of the investment banks who stood to lose $10's of billions from an AIG bankruptcy. So instead of saying "hey man, we need to pay someone really well with Taxpayer money to oversee the transfer of wealth from the Government to Goldman Sachs," we should be asking ourselves why AIG hasn't already been liquidated. AIG will ultimately cost the Taxpayers $100's

2 Comments in Response to Shouldn't The Taxpayers Have a Say Over How Much AIG Pays It's CEO?

Comment by RickStone

Entered on: 8/18/2009 6:44:28 AM

Red you must be having a bad day and taking too much meth. It is hard for me to decide which is better, to ignore an angry lib with a chip on your shoulder that has nothing constructive to say or tell you that you need to go play somewhere else because you are a pain in the a**. Could anyone else out there help me make a decision, suggestions would be appreciated

Comment by Lucky Red

Entered on: 8/18/2009 5:24:59 AM

Naw, the "taxpayers" are too busy telling the President to continue giving millions to the health insurance CEOs...

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