TARP

The New York Times has a Reuters report that five AIG executives wrote letters on December 1 stating they may quit if their salary and bonuses are cut.The senior executives at American International Group told the insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported on Sunday. I think this would fall under the auspices of that grand old southern phrase, “Well bless their hearts.”