What Talent?
By Shorter Verbatim A.I.G. head Edward Liddy: “We cannot attract and retain the best and the brightest talent to lead and staff the A.I.G. businesses — which are now being operated principally on behalf of American taxpayers — if employees believe their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury.”
Yes, I can’t imagine the consequences if people responsible for losing more than a billion dollars a week were to lose performance-based ex post facto compensation. Similarly, it’s too bad that the Lions couldn’t have received a bailout so they wouldn’t have been faced with the prospect of losing Matt Millen’s immensely valuable services.