There Is No Truth
I love this country. There simply is no truth, nobody is held accountable for anything, and if you find yourself in a spot, you can simply redefine reality. After spending a ton of taxpayer bailout money on facials and backrubs, AIG received oodles of good press this week for declaring they weren't doling out bonuses to executives.Not so much. From Bloomberg:
"American International Group Inc., the insurer that said yesterday it scrapped bonuses for top executives after a U.S. bailout, will still pay 130 managers “cash awards” to stay with the firm, including $3 million to retirement services chief Jay Wintrob. Wintrob, 51, will get the “retention” payment in two installments, the first in April 2009 and the rest a year later, New York-based AIG said today in a regulatory filing."Genius! Simply rename "bonus" to "cash award" and you're all set.