The Scandal of the AIG Bonuses|Christianity Today
On the surface, it sounds like a healthy company was rewarding its best and brightest. Over 400 employees recently received bonuses. Three-fourths of the company received more than $100,000. Fifty-one employees received $1 to $2 million; fifteen received more that $2 million, and six received $4 million. The highest bonus stood at $6.4 million. Bonuses.
That’s on top of a salary we can assume is decent to begin with, given the size of the company. But, hey, this is capitalism. And you reward people for raising the bottom line, making stockholders richer, offering services — in this case, insurance — that betters the lives of your customers and society.
Except for the fact that these bonuses were handed out to executives of a company on the verge of collapse, one that has lost more money in three months — $62 billion in the last quarter alone —
