Comments on: Creep of the Week: AIG bonus grantor Edward M. Liddy http://blog.usw.org/2009/03/19/creep-of-the-week-aig-bonus-grantor-edward-m-liddy/ USW Fighting Globally For Workers' Dignity Mon, 06 Feb 2012 15:09:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: gspencer http://blog.usw.org/2009/03/19/creep-of-the-week-aig-bonus-grantor-edward-m-liddy/comment-page-1/#comment-72 gspencer Thu, 19 Mar 2009 23:03:11 +0000 http://blog.usw.org/?p=523#comment-72 The AIG management is apparently inept and stupid, not the brightest and the best. They should mostly be fired, especially Mr. Liddy. This bailout is rewarding the incompetant managers with continued employment and even cash bonuses. Why should these managers work hard to investigate anything to do with their financial decisions and/or investments if Uncle Sam will pay for their mistakes? Did their friends get commissions for selling these bad investments to AIG? Were there any kickbacks to AIG employees who approved these transactions? Why are the AIG personnel that made these bad decisions still employed at AIG. Why is it necessary for AIG not to become bankrupt? Why does the taxpayer have to pay for these bad judgements and actions? If they went bankrupt and all of these managers were out of work, it would be an incentive for managers of other companies and other future managers (and individual investors) to become more cautious of what they buy in the way of mortgages, securities, bonds and other investments. Gerald Spencer, PE The AIG management is apparently inept and stupid, not the brightest and the best. They should mostly be fired, especially Mr. Liddy. This bailout is rewarding the incompetant managers with continued employment and even cash bonuses. Why should these managers work hard to investigate anything to do with their financial decisions and/or investments if Uncle Sam will pay for their mistakes? Did their friends get commissions for selling these bad investments to AIG? Were there any kickbacks to AIG employees who approved these transactions? Why are the AIG personnel that made these bad decisions still employed at AIG. Why is it necessary for AIG not to become bankrupt? Why does the taxpayer have to pay for these bad judgements and actions? If they went bankrupt and all of these managers were out of work, it would be an incentive for managers of other companies and other future managers (and individual investors) to become more cautious of what they buy in the way of mortgages, securities, bonds and other investments.

Gerald Spencer, PE

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