Resolve AIG bonus mess before any more taxpayer money is given
out, says Flint Journal letter writer  Theresa N. Roach By
Theresa N. Roach The Flint Journal on March 22, 2009 at 4:05 AM,
updated March 22, 2009 at 4:14 AM  Here's a Flint Journal letter
to the editor for March 22, 2009:  I am furious.  How dare AIG's
chief executive hide behind being contractually obligated to pay
these ridiculous bonuses. Contractually, the company has no
money to pay bonuses.  This is not its money. It is taxpayers'
money.  Why aren't our watchdogs simply stating that? Is there
anything in that contract that says if you take the company
bellyup you have to give back your compensation? There should
be.  I don't understand AIG's thinking on these retention
bonuses, anyway. Why would you want to retain these people in
the first place?  I think AIG officials should cut their losses
and be glad they are still getting a paycheck (unlike a lot of
us taxpayers) and move the company toward regaining
profitability. I don't see that hap