Schumer: AIG employees should return bonuses or face high tax – CNN.com

Schumer: AIG employees should return bonuses or face high tax – CNN.com

While I would be against a general tax on “high bonuses” (the article isn’t clear), I think the AIG controversy really boils down to this statement:

The company insists the payouts are needed to keep talented executives on the payroll,

The key words being “talented executives.”

These “talented executives” running a small sideline business have shown the talent to take down the largest insurance company on Earth. If this is the kind of talent AIG is trying to keep, I have a hard time fathoming who they would fire.

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