Monday, March 16, 2009

The Case for Bonuses at A.I.G.

Dealbook at the NYT points out the legal arguments, and policy reasons behind honoring contracts. If we let the government retroactively abrogate valid employment agreements, what is the impact on business in the US?

Still, was the fact that bonuses were part of AIG employee's compensation really a surprise to the administration? If so, we have really big problems ahead.

The Case for Bonuses at A.I.G.
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