'Off With Their Bonuses!'
Posted by Tom Bevan | Email This | Permalink | Email Author
This just in: the public hates AIG. More specifically, the public hates the fact that AIG paid bonuses to its employees after it took more than $170 billion in taxpayer provided bailout funds. Consider the following poll results released in the last 24 hours from Gallup and CBS News:
50% describe themselves as "angry" about the AIG bonuses, and another 38% are "bothered" by them.
83% say AIG should have found a way not to pay the bonuses despite their legal obligations.
80% are "dissatisfied" with the way AIG management handled the bonus situation.
77% say the government should "try to recover" the bonus payments, and 69% believe that the payment should be recovered "in full."
71% do not buy the argument that bonus payments are needed to "hire and retain people with the necessary expertise."
65% say bonus payments to any employees (executive, mid, or lower-level) by companies that accept bailout funds are "unacceptable."
56% belive the Obama administration should have prevented AIG from paying the bonuses, and 51% approve of the legislation passed by the House of Representatives taxing bailout related bonuses at 90%.
Lastly, in perhaps the least surprising results of all given the events of the last couple of weeks, 76% say the government should not give AIG one penny more in financial assistance, even if it means they have to go out of business.

