Tag: Edward Liddy

Poor Judgement?

I had two immediate thoughts on the AIG bonus scandal:

  1. What on earth are these bonuses linked to? Obviously not the success of their ventures.
  2. Re: “cannot attract and retain the best and the brightest…” There is no clear indication that the bonuses they offered previously were successful in attracting “the best and brightest”, so there is no indication that bonuses will work in the future.

    3. However, from listening this morning to clips from AIG Chairman Edward Liddy’s testimony yesterday before the House, it seems to me that Congress has the shoe on the wrong foot with this one. Continue reading “Poor Judgement?”