Insurance giant American International Group will award hundreds of millions of dollars in employee bonuses and retention pay despite a confrontation Wednesday between the chief executive and Treasury Secretary Timothy F. Geithner.[….]
“I do not like these arrangements and find it distasteful and difficult to recommend to you that we must proceed with them,” (AIG’s leader) Liddy wrote.
It’s distasteful to stop paying the geniuses at AIG millions of dollars in bonuses the same way that it’s distasteful to enforce our laws by investigating the Bush administration, the same way it’s distasteful to ask George Will to stop lying about science, the same way it’s distasteful to criticize Jim Cramer.
All this stuff is really a matter of taste.