Dan Gillmor is a BoingBoing guest-blogger.
It's even more disgusting than we heard yesterday. According to the Wall Street Journal, AIG, the financial giant that has taken more than $170 billion of our money to save it from extinction -- and given lots of it to other financial companies -- is paying almost half a billion dollars in bonuses (my emphasis in first quoted paragraph)
to employees in its financial products unit. That division was at the heart of AIG's collapse last fall, which compelled the U.S. government to provide $173.3 billion in aid to keep it running....
Those payments are in addition to $121.5 million in incentive bonuses for 2008 that AIG will start making this month to about 6,400 of its roughly 116,000 employees. AIG, which was rescued in September as it faced potential bankruptcy, is also making over $600 million in retention payments to over 4,000 employees.
Together, the three programs could result in roughly $1.2 billion in retention and bonus payments to AIG employees.
Who's worse? The legislators and executive-branch people who let this happen, or the AIG executives who are showing themselves to be supremely greedy, and who must be laughing at the rest of us by now. Close call...
On Thursday May 26, Red Nose Day will return for the second year. It’s all about giving to children to fight hunger, sickness, and homelessness. In the video above, the most famous magician in the world, David Copperfield, has his own magical way of asking you to get involved. There’s going to be a two-hour TV show on […]
Facebook gets a bad rap, but where I live, it has brought neighbors together, and it started because of the things I didn’t want to share.
When the Congressional Science committee wants to talk about the cold weather, and when NASA has to defend their budget by explaining why NASA is important, it can make people who believe in facts… a bit tense.
CBD-infused coffee almost sounds like the premise for a bad sitcom episode. But seriously…isn’t it almost comical to consider what happens when the go-go kick of high-octane caffeine slams headlong into the calming, tranquil effects of CBD? The reality is, it actually can be the best of both worlds situation for many CBD coffee fans. […]
You sort out your recycling. You don’t use plastic bottles anymore. And you’ve even gone paperless, right down to using the canvas shopping bag at the grocery store. But even if you’re trying to be ultra-vigilant to the environmental impact you make on our planet, there are bound to be some blind spots in that […]
When you used to walk through any office you would likely spot a few bobbleheads. These wobbly figurines are great fun to have around, although most celebrate people we will never meet. For something a little more personal, try Handmade Custom Bobbleheads. These mini caricatures are sculpted and painted by skilled artisans, based on any photo […]