AIG Executives

Remember those much maligned AIG executives who got the big bonuses that Congress wants to tax at 90%? Well, apparently at least some of them, like Jake DeSantis, had accepted a salary of $1 per year in exchange for a chance to earn those big bonuses. And their AIG divisions had nothing to do with “the credit default swap transactions that have hamstrung A.I.G.” They are totally innocent of wrongdoing. And they are leaving AIG. The best and the brightest at AIG are leaving. Congress is clearly pursuing a destructive policy of imposing a 90% tax on the most productive executives. This may sound outrageous to some, but for this economy to recover, we need the best and the brightest reaping huge rewards for their efforts.