http://blog.sunlightfoundation.com/2009/03/20/the-revolving-door-spins-in-ceo-pay-protector/ Sunlight is said to be the best of disinfectants... Sat, 20 Mar 2010 17:39:55 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://blog.sunlightfoundation.com/2009/03/20/the-revolving-door-spins-in-ceo-pay-protector/comment-page-1/#comment-72049 MiloThePoet Tue, 24 Mar 2009 23:53:25 +0000 http://blog.sunlightfoundation.com/?p=7432#comment-72049 It's too bad Geithner was not allowed to speak up at the onset of the AIG bonus "crisis" He spoke up today and explained that he was aware of the bonuses, sought legal counsel and due to the nature of the bonuses it would be illegal to not honor the contracts. That would have taken guts and would have alleviated some of the angst over the bonus deals. I think the general population and Congress assumed that the only type of bonuses are "performance" bonuses. If ignorance were bliss we should have a lot more blissful people than we do. It’s too bad Geithner was not allowed to speak up at the onset of the AIG bonus “crisis” He spoke up today and explained that he was aware of the bonuses, sought legal counsel and due to the nature of the bonuses it would be illegal to not honor the contracts. That would have taken guts and would have alleviated some of the angst over the bonus deals.
I think the general population and Congress assumed that the only type of bonuses are “performance” bonuses. If ignorance were bliss we should have a lot more blissful people than we do.

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