"We cannot attract and retain the best and the brightest talent to lead and staff the A.I.G. businesses - which are now being operated principally on behalf of American taxpayers - if employees believe their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury."
Edward M. Liddy, the government-appointed chairman of A.I.G., in a letter to Treasury Secretary Timothy Geithner explaining $165 million in bonuses to executives after being the recipient of $170 billion bailout from taxpayers. Of course, these are the same executives who contributed significantly to the current financial crisis.