Argument: AIG contracts no different than invalidated auto contracts

Issue Report: AIG bonuses


Lynn Sweet. “In case of AIG bonus payments, some contracts made to be broken”. Chicago Sun Times. March 16, 2009 – “Why are the contracts with AIG execs more valid than the contracts between the automakers and autoworkers? Congress INSISTED that the autoworkers take pay cuts — and MODIFY THE CONTRACTS they had negotiated — before the automakers got federal money? . . . If the federal government owns 80% of AIG, what control do we have over the actions of management?”