Bonusgate
Hard to know who the award goes to on this one:
1) AIG, which insisted on sticking with $165 million in retention payments to executives, even after the troubled insurance behemoth landed in the arms of the U.S. government, or
2) the U.S. House, which tossed political pitchforks at the hapless one-buck-a-year CEO recruited to clean up the mess -- and then passed a confiscatory 90% tax on Wall Street bonuses.
Fortune's vote goes to No. 2.
By Nina Easton, Fortune Washington editor
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1) AIG, which insisted on sticking with $165 million in retention payments to executives, even after the troubled insurance behemoth landed in the arms of the U.S. government, or
2) the U.S. House, which tossed political pitchforks at the hapless one-buck-a-year CEO recruited to clean up the mess -- and then passed a confiscatory 90% tax on Wall Street bonuses.
Fortune's vote goes to No. 2.
By Nina Easton, Fortune Washington editor
More galleries
Last updated July 01 2009: 12:24 PM ET
