Comments on: AIG Needs Another What?

By: Eric J. Nisall

Eric J. Nisall — Thu, 11 Dec 2008 19:28:59 +0000

Yes, AIG has made some cuts similar to the GM actions. The interesting thing is that in 2006 GM already had slashed CEO and executive pay including bonuses. Of course the two are different in the regard that GM’s problems are not due to misappropriation of funds, rather they were brought on by poor quality and throwing even more money at their problems .

By: MoneyNing

MoneyNing — Thu, 11 Dec 2008 16:41:57 +0000

Eric: I think AIG already did some salary cutting. I just hope that they don’t instead take their vacation on AIG’s (our) expense!

CD Rates: Yes I changed the theme. More changes are coming, I’m still thinking about it but thanks for the suggestion. I will work some color into it but the new one feels less cluttered which I really like. It also seems easier to read.

By: Joe

Joe — Thu, 11 Dec 2008 15:57:43 +0000

I think you’re confused because you presume the government to be efficient!

Seriously though, this is why the free market is preferable to central planning implemented by gov’t. Too much control (and power) located in too few hands, and no clear picture of what’s going on.

Personally, I think this new bailout is need to cover the AIG execs holiday party, but I may just be jaded.

By: CD Rates Blog

CD Rates Blog — Thu, 11 Dec 2008 15:13:19 +0000

What have they been thinking all along. All I can say is Arghhhh!!!!

I see you changed your theme a little. I preferred the old theme. Maybe it is too much gray for my liking.

cd :O)

By: Eric J. Nisall

Eric J. Nisall — Thu, 11 Dec 2008 14:28:32 +0000

It’s amazing that a company such as AIG is going to continue to see relief. What is the government thinking especially after it discovered that a portion of the first payment was being used to fund executive “getaways”, and other perks for corporate executives. At least a company like GM is doing something with the executives taking a 50% reduction in salary and the CEO only making $1 per year now. Must be nice to have a fallback like the government bailout to cover their behinds.