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Sunday, November 16, 2008

AIG's New Slogan: Your Tax Dollars,Our Bonuses

  AIG is turning out to be one very brazen company with the $152 billion dollars that they have collected from you and myself. It seems now that the company is going to be paying out some $503 million in compensation to their top executives.

   Dollars & Sense

After receiving endless grief about spending millions on lavish corporate retreats, executives have decided to take the more direct route and pay out an extra $503 million in corporate compensation to top executives.

In their defense, AIG officials said that the half-billion dollar payout was necessary to keep its top talent (you know, the people who've been doing such a great job with the company) from leaving. They also stress that the payout's won't come from the taxpayer-funded bailout money. It will come from their secret stash of money hidden deep in a fortified bunker.

    More on this from The Washington Post

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