In a move designed to make sure their neighbors throw extra eggs at their houses, a handful of former AIG employees are threatening to sue because they haven’t received bonuses as quickly as they had expected. [More]
AIG Financial Products People Still Getting $100 Million In Bonuses
By February 3, 2010
It’s time for the annual round of outrage at the fact that the people who wrecked the economy are getting huge bonuses. [More]
Government Orders Pay Cuts For Bailed-Out Firms
By October 22, 2009
The huge salaries and bonuses paid to executives of banks and other firms that received government bailout funds have been the subject of a lot of taxpayer rage. The Obama administration listened, and will order pay cuts.
Czar Tells AIG Not To Hand Out As Many Bazillions More In Bonuses Come March
By October 14, 2009
Not content with just one Worst Company in America victory, AIG is going for back-to-back titles by trying to give out $198 million in bonuses in March.
Bailout Banks Will Keep Using Your Money For Private Jets
By September 15, 2009
Under government pressure — and by “pressure” we mean asking meekly in a very soft voice — companies that have received funding from the taxpayer-funded TARP program have outlined the controls they plan to put in place to limit “luxury expenditures.” And — surprise! — the definition of “luxury” is very different for the corporate titans spending your money. While most big banks have put at least some limits on personal use of corporate jets, many seem to echo Bank of America‘s policies on official use, which state that that execs can use private planes for “safety and efficiency reasons,” no advance approval required.
AIG No Longer Hemorrhaging Money, Actually Makes Profit
By August 7, 2009
Big news! AIG, poster child of the economic meltdown, has reported a profit. The company says it had a net income for the second quarter of $1.8 billion, which is much better than in 2008 when it lost $5.8 billion. So, how much did we-the-people get for our investment? $1.5 billion.
AIG Asks Federal Permission To Pay $2.4 Million In Executive Bonuses
By July 10, 2009
A hush fell over the AIG conference room on the day that their Worst Company in America 2009 trophy was unveiled. The eyes of every executive in the room sparkled with just a bit of pride. “Well done, everyone,” said the man at the head of the table. “But we mustn’t rest on our gilded-feces laurels. It’s time to begin our work for next year’s competition.”
AIG's WCIA 2009 Award Mailed
By June 22, 2009
We put AIG’s Worst Company in American 2009 award in the mail today. Here is the congratulatory letter that accompanied their prize:
How To Deliver AIG's Golden Poo Trophy?
By May 8, 2009
Here are three beauty shots of the “Lucky Golden Poo” trophy we shall bestow upon AIG, glorious 2009 victors in our Worst Company In America contest. Ain’t she purty? The big question now is… how should we deliver it? Plop your suggestions in the comments.
Worst Company In America: AIG WINS!
By May 7, 2009
Congratulations to AIG for beating Comcast in this year’s final.
Worst Company In America CHAMPIONSHIP: AIG VS Comcast
By May 6, 2009
This is it, folks. The Final Deathmatch is here. To reach the final round AIG defeated #32 Target, #17 Peanut Corporation of America, #9 Walmart, and #5 Ticketmaster. Comcast had an equally impressive showing, waltzing past formidable opponents such as #30 DirecTV, #14 Capital One, #11 GM, and finally, last year’s returning champion #2 Bank of America (Countrywide, Merrill Lynch) went down in an upset last night.
Remember How Mad You Were About Those AIG Bonuses? They're Bigger Than You Thought
By May 5, 2009
So, remember those bonuses everyone was so mad about? Well, it turns out that they were bigger than originally disclosed. A lot bigger.
Worst Company In America FINAL FOUR: Ticketmaster VS AIG
By May 4, 2009
A loathed entertainment monopoly? Or an economy-wrecking out-of-control insurance company? Which do you hate more?
Worst Company In America: FINAL FOUR
By May 4, 2009
Here we go people: It’s the Final Countdown. Let’s hear it for the last four companies standing.
Don't You Wish You Made $1 A Year Like AIG's CEO?
By May 1, 2009
The NYT DealBook Blog says that AIG’s $1 interim CEO is living pretty well, despite the whole “being hated for something you didn’t do” thing.
Worst Company In America: AIG VS Walmart
By April 23, 2009
We’re on to the Elite 8 and things are really heating up! There are so many macroeconomic implications in this match-up!
AIG Keeps Fighting Man Over Wheelchair, Glasses, And False Leg
By April 18, 2009
AIG needs its money for its own problems, people, and doesn’t want to have to share with insurance claimants! That’s why they’ve fought every request from John Woodson, a man who lost a leg, an eye, and 70% of the vision in the remaining eye while working as a contractor in Iraq. He told ABC News, “You constantly are worried about who is going to pay these bills, who is going to take care of me? Because you can’t rely on AIG to come through for you. I don’t understand how a company of their size and their magnitude, with government bailouts and money and support, I don’t understand their not taking care of the individuals that were injured.”
Worst Company In America: AIG VS Peanut Corporation Of America
By April 9, 2009
Poisoning the economy or poisoning your customers? Decisions, decisions!
