AIG retention plan makes no sense

AIG recently defended its plan to disburse $500 million of bailout funds to corporate managers as necessary to retain talented employees. But given that the financial service industry is cutting jobs, where exactly would these indispensable employees go? Moreover, if not for the taxpayer-funded bailout, AIG wouldn't exist anyway. The AIG board must be either grossly incompetent, conceited or both.

Ron Richards

Lake Villa