Some CEO bonus money coming from the grave.
@thegreatdebater (7316)
United States
May 20, 2009 8:58pm CST
According to a Wall Street Journal article today, many in the banking industry are using a loop-hole to pay their CEO's bonuses. The companies are taking out insurance policies on their employees with the CEO or other executives as the beneficiary on the policy. Bank of America reported $17.3 billion worth of these policies in the fist quarter of this year. Do you agree with this practice, and does it upset you that AIG has some of these insurance polices, and the US tax payers bailed them out (thus, the American people bailed out corporate CEO's in more ways then we knew before)?
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