Opinion
Today's Outrage: AIG Fights for Bonuses
This disconnect between company performance and the desire to pay out millions of dollars in bonuses is what has many Americans and, by proxy, their political representatives, scratching their heads.
I think AIG and other underperforming financial institutions are rightly concerned about their competitive disadvantage. Paying out bonuses isn't going to fix that. They've got to focus on making the business a profitable and therefore desirable place to work. Bonuses from a failing institution are like Band-Aids that don't stick.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
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26.41 |
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2.99 |
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10.02 |
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0.44 |
10 Yr
1.58%
SPDR Gold
151.62
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-0.21%
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-0.23%
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-0.35%
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-2.71%
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