DOW Slides under 7000 as AIG gets 30B Bailout

[Paul]

They are still reporting bad numbers b/c they aren't changing the way they do business; instead they are using tax payers $ to support their bad habits

One day after announcing strict limits on salaries and bonuses for its top tier of executives, AIG revealed that some of those executives will receive millions in “retention bonuses” next year...

The retention bonuses for 130 key executives were disclosed by AIG in September, after the US government rescued the firm from bankruptcy by purchasing 79.9 per cent of the company for $85bn. After the government takeover, Edward Liddy, the former Allstate chairman, was named chief executive and AIG offered retention bonuses to Mr Wintrob, head of AIG’s retirement services division, among others....

[leobond001]

They are still reporting bad numbers b/c they aren't changing the way they do business; instead they are using tax payers $ to support their bad habits

Alot of companies are still doing that. I was having a discussion with a co-worker about that last week.