AIG head steps down-too much government intervention?
Image via Wikipedia Recently the head of AIG , Edward Liddy , announced his intention to step down from the company's leadership post. As has been widely reported, AIG was one of the first companies to receive " bailout " money from the government and since then have been widely criticized for it's executive pay packages, bonuses, and other forms of compensation to it's executives . I guess when a company that large hits hard times due to numerous strategic "errors" on the part of it's leadership, and then receives a large infusion of cash from the federal government , it deserves the kind of scrutiny and micromanagement it has been under from the feds. However, there's a problem developing, not only at AIG, but at many other companies that are receiving federal funds . The problem is the compensation at these firms amounts to $1.00 a week. How are you going to get someone with the savvy and experience to come in and run these major corpo...