Image via WikipediaAIG, Fannie Mae, Freddie Mac...must be nice to receive a huge bonus from the company you work for after the government hands over billions of dollars to keep the company from collapsing. I couldn't believe it when I heard AIG was doing it and now I hear Fannie Mae and Freddie Mac are following suit.
Sure, why not?!
According to CBS News
... no one's stopping AIG from paying millions to some employees in its new retention program. The company has told 168 employees they'll receive between $92,500 and $4 million per individual if they stay with the company for one year
Wow! I thought companies paid their employees WHEN they made a profit. I really am not familiar with what exactly it is that AIG does, but I do know that a $4 million bonus in light of the NON-PROFITABLE business AIG has managed is extremely selfish.
Only a few million dollars are involved in the Fannie Mae bonuses -- the highest single award is just over $600,000 -- oh yeah, that makes it so much better doesn't it? ONLY $600,000!
At the end of March, Postmaster General John Potter asked Congress for bailout money. Know what Potter's salary is? His salary is set by Congress and it is $263,575. According to Potter the Postal Service was $2.8 billion in the red last year and is expected to be even worse this year...hmm, must be bonus time at the Post Office too, huh?