Posted by Jim Lindgren: AIG Bonuses. http://volokh.com/archives/archive_2009_03_15-2009_03_21.shtml#1237267957
I wonder whether AIG could have paid the bonuses in toxic assets, derivatives such as were sold by their Financial Products division, or at worst, AIG stock. Paying bonuses in toxic assets would have shifted risk to some of those who helped generate that risk and would improve AIG's balance sheet. But that probably wasn't possible without declaring bankruptcy. _______________________________________________ Volokh mailing list [email protected] http://lists.powerblogs.com/cgi-bin/mailman/listinfo/volokh
