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AIG Wants To Use A Charity Endowment To Pay Bonuses.

Seriously, I don’t know how much more of this I can take before my head falls off. I am so done hearing about these “poor” executives and their million dollar bonuses. Why would any company, who was actually interested in doing well, need to retain people (with our money too, mind you) who drove it into the ground in the first place? Really?

Insurance giant AIG is trying to seize a $490 million charitable endowment — and claw back $27 million it already awarded to New York charities — to pay executive bonuses. The endowment, called Starr International Foundation, is run by former AIG chairman Hank Greenberg, and has given millions to the Sept. 11 Memorial and Museum, Citymeals and other local groups.

If you have AIG insurance, either directly through them or through any of their subsidiaries, I would strongly recommend you take your business elsewhere. These people have no respect at all for the fact that A. we bailed them out and B. taking money from a charity to give to the same execs who killed the company might not be viewed as favorable by the entire populace. They just don’t care anymore because they have been able to do what they want (and gotten away with it, no thanks to Bush and/or Geithner) when they want.

Tired. Just plain tired.


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Comments (3)

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  1. This is absolutely ridiculous. I don’t currently do business with AIG and if I can help it, I never want to.

    I cannot believe the nerve of some of these executives.

  2. cwaltz says:

    Uh you mean Bush and OBAMA. Geither is just his henchman. So much for that hopey changey thing. I wish I could take satisfaction in saying I told you so.

  3. Great artcle. Going to link love it at my site within next 48 hrs.

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