AIG and the other failing banks in the USA have set new and absurd standards for executive privileges. They give guaranteed bonuses; while the organisation reels under astounding losses! Funnily, individual amounts of this bonus are more than the gross income of many US taxpayers! Indeed the USA is the land of milk and honey! These fat salaried executives get the honey of bonuses in these hard days of economic downturn, regardless of losses suffered, conveniently milked from poor taxpayers! This is the refined way of robbing the bank without guns and masks!
The organisation makes loss but the executives get bonus! If next year they survive to break even, they will get extra bonus for not having loss, apart from their bonus which they get even for making losses or going bankrupt! Should they per chance make profit, they will have three bonuses: one any way as per contract (as they say), one for breaking even, and the last which is the highest for making profit!
Now one can realise why profit is a dirty word; since loss making is fine as far as bonuses go in American banks which naturally do not mind much going bankrupt! After all Uncle Sam will rob the poor to give them their bonus in any case! They have no morals or shame, after all they are in the money game and the more you get the better the game! What a weird idea of management the US bankers have! They should utilise our capabilities in US banks for drawing out their employment contracts. I will be willing to do it for them for 1% of the annual value of the contract and of course not to forget my bonus for each contract. I will be happy if they give me US$10,000 as bonus per contract! This is my way to become an instant millionaire, while saving US taxpayers and the banks a lot of money!