- In the case of DeSantis, at least, the retention bonus was to be his entire compensation for the year. Like Liddy, his salary for the year was one dollar.
- A relatively small number of employees of AIG's Financial Division were involved in the credit default swap mess, and almost all of those are gone from AIG.
- Confronted by frothy-mouthed Congressmen, Liddy just quaked and quivered, failing to explain the justification for offering the bonuses -- justification that actually makes some sense if you're not choking on your own bile.
(I'm also one of those who believes that the highest paid employee of a company should not be earning more than twenty times what the lowest paid employee earns. If the CEO is paid a million, the clerk doing data entry should be paid fifty grand -- but since this entry is not entitled "utopian schemes," I'll say no more about that idea.)
Anyway, if a Congressional Committee ever manages an opportunity to question, say, Dick Cheney or Donald Rumsfeld, I hope it can manage to be a lot more focused and thoughtful than Financial Services was when it grilled Ed Liddy. Anybody who needs bloviation and outrage can listen to Rush Limbaugh. From our elected representatives, I think we deserve something more.