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Originally Posted by Kevin
But you changed the facts to create a hypothetical situation which doesn't exist which seemingly justifies your point of view. That's just not the case. In the real world, AIG has a contractual duty to pay the money, Congress didn't require them to undo the contracts prior to receiving bailout money, ergo, the money should be paid or the execs should sue and get whatever extra damages New York allows for bad faith breaches of contract or failure to pay wages or whatever remedies exist there.
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How do you know AIG has a contractual obligagtion to pay the bonuses? If so they why are they called bonuses?
Former AIG CEO, Hank Greenberg said last week that AIG did not have rentention bonuses when he was running the company.