# AIG Hearing: CEO Impressive **URL:** \ **Category:** Great Debates\ **Created:** [March 18, 2009, 6:37pm UTC](https://boards.straightdope.com/t/aig-hearing-ceo-impressive/489921 "2009-03-18T18:37:23Z")\ **Posts on this page:** 6\ **Page:** 3
**Author:** ![DanBlather](https://avatars.discourse-cdn.com/v4/letter/d/f4b2a3/32.png) [@DanBlather](https://boards.straightdope.com/u/DanBlather)\ **Post date:** [March 19, 2009, 4:12pm UTC](https://boards.straightdope.com/t/aig-hearing-ceo-impressive/489921/41 "2009-03-19T16:12:14Z")
> [@gonzomax](#): > > What kind of work did a perform to earn a 6.5 million dollar bonus? Would he have screwed around if they just gave him 3 million? There is no justification for multiple million dollar bonuses ,other than an exaggerated sense of self importance and value. The wages they make are horribly distorted. It is time for them to come back to earth. I’ve heard really rich people say that at some point money just becomes a way to keep score. If we cut thir pay by a factor of 10 I don’t think they’d work any less hard. ---
**Author:** ![XT](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/xt/32/456_2.png) [@XT](https://boards.straightdope.com/u/XT)\ **Post date:** [March 19, 2009, 4:37pm UTC](https://boards.straightdope.com/t/aig-hearing-ceo-impressive/489921/42 "2009-03-19T16:37:00Z")
[QUOTE=Sage Rat] Liddy for Prez, '12? [/QUOTE] He’s too old an narfly looking. 🙂 -XT ---
**Author:** ![smiling\_bandit](https://avatars.discourse-cdn.com/v4/letter/s/e9a140/32.png) [@smiling\_bandit](https://boards.straightdope.com/u/smiling_bandit)\ **Post date:** [March 19, 2009, 4:47pm UTC](https://boards.straightdope.com/t/aig-hearing-ceo-impressive/489921/43 "2009-03-19T16:47:28Z")
> [@Polerius](#): > > Paid by whom? If the company is destroyed, who will be left to pay these amounts? Sorry, didn’t get back here till now. It’s not the cost of the bonus; it’s the fact that investors would probably yank their money away from AIG, killing whatever business it has left,. if t got into a high-profile legal fight as such a time like now. I wouldn’t expect it to last a month. Finally, if the company did go bankrupt, these would probably be the first debts in line to get paid! Your only hope would be that a judge would put them in bankrupcty protection and then rewrite these specific contracts. But that probably wouldn’t happen; it’s not the usual practice to remove payments promised for services rendered by employees. ---
**Author:** ![gonzomax](https://avatars.discourse-cdn.com/v4/letter/g/e8c25b/32.png) [@gonzomax](https://boards.straightdope.com/u/gonzomax)\ **Post date:** [March 19, 2009, 5:45pm UTC](https://boards.straightdope.com/t/aig-hearing-ceo-impressive/489921/44 "2009-03-19T17:45:13Z")
> [@DanBlather](#): > > I’ve heard really rich people say that at some point money just becomes a way to keep score. If we cut thir pay by a factor of 10 I don’t think they’d work any less hard. Which is why we should immediately. But we have people setting their own salaries,. That that always been a huge problem. It can not be allowed to continue. ---
**Author:** ![Dumbguy](https://avatars.discourse-cdn.com/v4/letter/d/2bfe46/32.png) [@Dumbguy](https://boards.straightdope.com/u/Dumbguy)\ **Post date:** [March 19, 2009, 6:24pm UTC](https://boards.straightdope.com/t/aig-hearing-ceo-impressive/489921/45 "2009-03-19T18:24:28Z")
Apropos of nothing, my dad was regional director of something-or-other at Allstate when Liddy took over. He ended up taking an early retirement because he said Liddy killed the company’s culture of treating customers like partners and making them customers for life. While watching a news summary of Liddy’s performance with my dad, when they called him calm he said, ‘you can’t rattle a snake’. ---
**Author:** ![glee](https://avatars.discourse-cdn.com/v4/letter/g/b5a626/32.png) [@glee](https://boards.straightdope.com/u/glee)\ **Post date:** [March 19, 2009, 6:31pm UTC](https://boards.straightdope.com/t/aig-hearing-ceo-impressive/489921/46 "2009-03-19T18:31:49Z")
[The UK equivalent is:](http://www.guardian.co.uk/business/2009/feb/26/sir-fred-goodwin-pension) An embarrassing public row broke out last night between City minister Lord Myners and Sir Fred Goodwin over the former Royal Bank of Scotland chief executive’s refusal to give up his £693,000 a year pension. … RBS had earlier admitted it had made a record-breaking £24bn loss in 2008 and that the taxpayers’ stake could rise to 95% after a further injection of up to £25.5bn of government funds. Goodwin remained unrepentant after a day in which Gordon Brown, Alistair Darling, Myners and the new RBS chairman, Sir Philip Hampton, all called on him to behave honorably. Brown’s spokesman said the government would, if necessary, pursue every legal avenue to prevent Goodwin receiving such an inappropriate reward for failure. [Previous page](https://boards.straightdope.com/t/aig-hearing-ceo-impressive/489921.md?page=2)