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AIG Executives: Your Bonuses or Your Jobs!

Target: U.S. Secretary Geithner (cc: President Obama)
Sponsored by: Care2.com

The U.S. unemployment rate has risen to 8.1% – yet taxpayers are providing more than $170 billion in bailout assistance to help keep American International Group (AIG) afloat while they pad their executives' pockets with generous bonuses.

It's unconscionable. Amidst the worst financial recession since the Great Depression, AIG executives have been given $175 million in extravagant executive bonuses, while they have driven their company to the brink of failure. What kind of priorities does AIG have if these executives still have jobs, and why are they doing this with your money?

Taxpayers are keeping AIG afloat – it is time that you get better protection for your investment. Tell U.S. Secretary Geithner that you want him to do everything legally possible to block the AIG bonuses and to hold those who are responsible for AIG's failures accountable.

deadline: Ongoing...
goal: 10,000

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Let US Treasury Secretary Geithner know in your own words why AIG executives do not deserve bonuses:

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Dear US Secretary Geithner,

It's unconscionable. Amidst the worst financial recession since the Great Depression, American International Group (AIG) is providing extravagant executive bonuses without any accountability to the taxpayers who are providing more than $170 billion in bailout assistance to help keep AIG afloat.

AIG is a corporation in financial distress because of reckless investments. How do they warrant 175 million dollars in extra pay?

[Your Comments]

I am outraged that AIG executives are receiving extravagant bonuses while the U.S. unemployment rate is at 8.1% and growing.

Taxpayers are keeping AIG afloat. It's time for you to use your leverage to do everything legally possible to block the AIG bonuses, and pursue every legal avenue to hold those responsible for AIG's failures accountable.

Sincerely,

[Your Name]
[Your Address]

CC: President Obama

We signed the “AIG Executives: Your Bonuses or Your Jobs!” petition!

# 2,347:

3:33 pm PST, Nov 18, Karisa Cotter, Arkansas

# 2,346:

4:51 pm PST, Nov 17, Ellie Shain, California

# 2,345:

5:50 am PST, Nov 13, Theresia Cronan, California

# 2,344:

6:48 pm PDT, Oct 21, Caro Liu, Pennsylvania

# 2,343:

11:23 am PDT, Oct 18, Katy Kley, New York
It is outrageous that the executives are still receiving extravagant bonsus while unemployment is rising. Would you like to live in the unemployed shoes for a year and see how it feels - I don't think so. STOP THESE BONSES NOW!!

# 2,342:

1:46 am PDT, Oct 8, Can Atik, Turkey

# 2,341:

1:19 am PDT, Sep 17, Name not displayed, Kentucky

# 2,340:

8:42 pm PDT, Sep 9, Pam Boland, Georgia

# 2,339:

5:18 pm PDT, Sep 2, Nora Gilbertson, Minnesota

# 2,338:

2:35 pm PDT, Aug 29, Howell Jones, Indiana

# 2,337:

8:54 am PDT, Aug 27, Mike Mitchell, Maine
NO BONUSES for the Clowns at AIG.Stop Greed We are sick of feeding the FAT CATS.Your party is over.

# 2,336:

5:43 pm PDT, Aug 22, Michael Burlison, California

# 2,335:

4:54 pm PDT, Aug 19, Abhinav Agarwal, Michigan

# 2,334:

12:41 pm PDT, Aug 13, George Larson II, Nevada

# 2,333:

3:04 pm PDT, Aug 6, Carrick Bartle, California

# 2,332:

9:14 pm PDT, Aug 4, Name not displayed, California

# 2,331:

10:19 am PDT, Aug 3, Theresa Witt, California
for me to allow these executives bonuses from the bail out money shows jsut where our society priorities are , and shows me that this nation is under the few rich who controls everything for their own gain ..greed and selfish is so abundant today , and the government is allowing it by having no regulating bodies !!! sop the rich are getting richer at the expense of the common and middle class !!!!

# 2,330:

7:53 pm PDT, Jul 30, Thomas Loftis, Tennessee
AIG should have never been bailed out and they should have to repay all monies and the executives should be fired.

# 2,329:

6:56 pm PDT, Jul 20, Sara Thomas, Texas

# 2,328:

9:39 am PDT, Jul 11, MELODIE MILLER, Colorado
Dear US Secretary Geithner, AIG is asking the federal government compensation czar Kenneth Feinberg to bless payment now of $2.4 million bonuses that were due in 2008. AIG states that bonuses are necessary to retain key employees and is asking for the governments OK. "Anytime we write a check to anybody" it is highly scrutinized, said an AIG official, who declined to speak on the record because the negotiations with Feinberg are ongoing. "We would want to feel comfortable that the government is comfortable with what we are doing." I am outragaed that AIG executives could receive millions of dollars in bonuses while the U.S. umemployment rate is a 8.1%. It is obvious that AIG is over charging their clients for their products and services This is not a minor problem and it should be scrutinized. The AIG rescue package stands at $180 billion. Last week AIG filed a proxy statement explaining the reason for retention payments and bonuses. "We needed to confront the fact that many of our employees, perhaps the majority, knew that their long-term future with us was limited, and our competitors knew that our key producers could perhaps be lured away. . . . Allowing departures to erode the strength of our businesses would have damaged our ability to repay taxpayers for their assistance." Understandably this could be very unpleasant for AIG. Please read the definition of Extortion. “Extortion: is a criminal offense, which occurs when a person unlawfully obtains either money, property or services from a person, entity, or institution, through coercion. Refraining from doing harm is sometimes euphemistically called protection. Organized criminal groups often practice Extortion. The actual obtainment of money or property is not required to commit the offense. Making a threat of violence or a lawsuit which refers to a requirement of a payment of money or property to halt future violence or lawsuit is sufficient to commit the offense. Exaction refers not only to extortion or the unlawful demanding and obtaining of something through force, but additionally, in its formal definition, means the infliction of something such as pain and suffering or making somebody endure something unpleasant.” Please protect the average working man by stopping the payment of extortion bonuses. Melodie Miller Colorado Voter - Democrat

# 2,327:

10:11 pm PDT, Jun 29, Noelle Cruz, California

# 2,326:

3:55 pm PDT, Jun 29, Suzanne Dunham, Wisconsin

# 2,325:

7:11 pm PDT, Jun 23, Edward Vass, Ohio

# 2,324:

6:48 pm PDT, Jun 23, Daile O'Connor, New Jersey

# 2,323:

2:15 pm PDT, Jun 19, Maria K, Canada

# 2,322:

8:27 pm PDT, Jun 17, Julia Tawyea', Pennsylvania

# 2,321:

4:00 am PDT, Jun 16, HILDA Kolb, Florida
That is self evident. Why should they get extravagant bonuses after getting bailed out on our dollars? Let them go belly up. No one is bailing us out and I don't care to when our unemployment rate is 8.l and they brought about their own problems with irresponsibility. What is wrong with our govt. to even consider anything so outrageous? We need CHANGE but not what we are getting. There seems to be no interest in helping the good people who have worked hard all their lives and getting shafted now. It's just more of the same!!!

# 2,320:

10:41 am PDT, Jun 13, Name not displayed, New York

# 2,319:

7:12 am PDT, Jun 12, Catherine Dunham, Virginia

# 2,318:

2:02 pm PDT, Jun 11, Julie Moore, Washington

# 2,317:

9:26 am PDT, Jun 11, Lee Patrizzi, Florida

# 2,316:

12:24 pm PDT, Jun 10, Elizabeth Owens, Virginia

# 2,315:

12:08 am PDT, Jun 10, Alla Yartman, Russian Federation

# 2,314:

4:50 pm PDT, Jun 6, Jane Freidel, Pennsylvania

# 2,313:

4:43 pm PDT, Jun 6, David McHenry, Pennsylvania

# 2,312:

10:52 am PDT, Jun 6, Marlene Ormesher, California

# 2,311:

5:04 am PDT, Jun 5, Name not displayed, Finland

# 2,310:

3:00 pm PDT, Jun 1, Richard Benoit, Canada

# 2,309:

4:53 am PDT, May 31, Gary Pack, North Carolina

# 2,308:

6:16 am PDT, May 29, Elaine Robinson, United Kingdom

# 2,307:

1:43 pm PDT, May 25, Jeremy Smith, Indiana

# 2,306:

9:58 am PDT, May 24, Name not displayed, Massachusetts

# 2,305:

7:18 pm PDT, May 23, April Edmond, Michigan

# 2,304:

5:00 pm PDT, May 23, Dolores Pena-Davis, California

# 2,303:

12:34 pm PDT, May 16, Silky Wylder, Wisconsin

# 2,302:

3:40 pm PDT, May 15, Diogo Silva, Brazil
Sounds like unreal!

# 2,301:

10:06 am PDT, May 12, Diane Luera, Colorado
Dear US Secretary Geithner, It's unconscionable. Amidst the worst financial recession since the Great Depression, American International Group (AIG) is providing extravagant executive bonuses without any accountability to the taxpayers who are providing more than $170 billion in bailout assistance to help keep AIG afloat. AIG is a corporation in financial distress because of reckless investments. How do they warrant 175 million dollars in extra pay? I am outraged that AIG executives are receiving extravagant bonuses while the U.S. unemployment rate is at 8.1% and growing. Taxpayers are keeping AIG afloat. It's time for you to use your leverage to do everything legally possible to block the AIG bonuses, and pursue every legal avenue to hold those responsible for AIG's failures accountable. Very Respectfully, Diane Luera

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