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Why would it be anyone else but the people who ran AIG into the ground that are getting the bonuses? They were still running (or more accurately destroying) the company when the bonuses were agreed to.<br> <br> It's obvious that the hiring practices of AIG were not geared towards attracting talent, being rather huge giveaways to incompetents. <br> <br> Paying executives more will not get better leadership. It can, but it certainly hasn't for a lot of companies, tending to be just corruption and giveaways. That's especially true for AIG. The idea that putting an executive pay cap on bailed-out companies or nixing ridiculous giveaways like these bonuses is going to result in third rate executive leadership has no basis in fact, especially if these requirements are lifted after (and if) the company emerges from corporate welfare.<br> <br> The government should be able to void contracts like this for companies they are bailing out, and should also be able to put a stop to corporate corruption (huge undeserved salaries for idiots and ridiculous severance packages, for example) in any publicly traded company.<br> <br> Blaming the government for the failings of private companies is also asinine. They made huge amounts of bad loans and generally poor and even criminal financial practices. What the government did wrong was the huge amount of derogating they did, especially under Reagan and his cohorts. They forgot, or just didn't care, why the regulations where put in place, and doomed us to re-learn why. But you'd be right if you said the Democrats didn't stand up strongly enough against financial deregulation, even if the Republicans spearheaded it.
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