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Who`s most to blame in the AIG bonus mess? I think it is pure unadulterated greed by the employees who handed themselves the bonuses. Unlike true entrepeneurs, these employees risked nothing on how well or how poorly they ran AIG. Entrepeneurs should profit from running their businesses successfully. However, they also earn to tighten their belts when business isn't so good. The AIG employees, who received these large bonuses, managed to still profit greatly for running the insurance company into the ground and then asking the US tax payers to pay for their mistakes. Wall Street JournalInternational Motor Show cancelled Britain's International Motor Show has been cancelled for 2010 because of the uncertainty gripping the global car industry FTThe AutoWeek List: The best first-generation pony cars : How?s this for a tough-to-crack list? Eight of our favorite pony cars from the 1960s and 1970s, the days when Detroit iron ruled the streets and burning rubber was the priority. Here are our favorites. You should argue. Autoweek.comUS plans $5bn in car supplier aid Suppliers to the US car industry will receive up to $5bn in federal financing as part of a bail-out package for the troubled sector, the Treasury department said FTHow to Know If Your Getting a Fair Shake by Your Insurance Company Feel like your insurance company is giving you the shaft? Don't know if you should get a lawyer? Thousands of contractors beating on your door giving you bids but unsure who to trust? Read this! E-ZineMeeting to focus on stimulus law`s impact on HR matters Francis Santos, the consulting associate administrator for StayWell Insurance, will be the featured speaker at the March membership meeting of the Society for Human Resource Management CNMI Chapter on March 26. Topix.netFDIC & Fed Want Systemic Regulator in U.S. The Federal Reserve and Federal Deposit Insurance Corporation want to create systemic regulator in the united states and overhaul the financial system to prevent and limit impacts from financial crises, according to officials from both bodies. "It...(read more) Mortgage NewsRockefeller Backs Legislation to Expand Health Insurance Coverage Sen. Jay Rockefeller, D-W.Va., has introduced legislation in Washington, D.C., that would prevent insurers from denying coverage to people with pre-existing conditions. Topix.netHouse passes tax bill on bonuses The US House of Representatives voted to impose a 90 per cent tax on the $165m bonus payments at AIG, the bailed-out insurance group, after concessions offered by the company failed to quell anger on Capitol Hill FTHouse Passes Tax on AIG Bonuses The House today passed a bill that would impose a 90 percent income tax on $165 million in bonuses distributed to employees of the troubled insurance giant American International Group, the first of multiple steps that lawmakers are expected to take to quell public furor and tighten government co... Washington Post1 2 3 4 5 |
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