Fresh Pay Skirmish Erupts at AIG – WSJ.com
The AIG saga is almost funny. I say almost because there are far too many US tax dollars being used like Monopoly money. I feel that the government pay restrictions are a bit ridiculous (who has the say, who picks the arbitrary amount, etc), but it looks like the expected uproar over this issue is coming.
The government has their hands full with AIG. They need to superstar employees to generate enough cash to give the appearance that a payback is possible. Without them, the whole company could come crashing down. This is going to get worse each and every quarter.
Five high-ranking executives at American International Group Inc. said last week they were prepared to quit if their compensation is cut significantly by the insurer's government overseers, according to people familiar with the matter.
via Fresh Pay Skirmish Erupts at AIG – WSJ.com.
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