The Federal salary master was on TV yesterday explaining that he couldn't do anything about AIG paying $100 million in bonuses. There was a contract to pay the AIG turkeys who ran the company into the ground he claimed and contracts are unbreakable.
Got news for him.
1. Contracts have to be enforced in court. AIG should refuse to pay and let the fat cats sue for their ill gotten gains.
2. Publish the names and contact information of all bonus recipients.
3. Find and prosecute the people who wrote such foolish contracts. Bonuses should never be paid if the company is losing money, and AIG has lost more money than God. Paying bonuses when the company is broke, and worse, paying them to the folk who caused the disaster, should NEVER be part of any employment contract, ever.
4. Tell AIG no more bailout money if they pay any bonus to anyone until ALL $150 billion taxpayer bailout is repaid.
No comments:
Post a Comment