Wednesday, March 18, 2009


The whole world is arguing about contract law and AIG Retention bonuses. But the bonuses have already been paid. Its a done deal. Good luck trying to recover the money.

Maybe its time to seriously consider who made this whole debacle possible. The AIG Board of Directors. Unfortunately, another facet of this whole financial soap opera is the feckless state of Delaware laws regarding director liability. Delaware is and has always been one big corporate Liberia. It is easier to catch Nigerian net scammers than it is win an action against a director under Delaware corporate law.

Nevertheless, we can start by visibly calling these highly regarded idiots to the carpet. They are out there somewhere. The members of AIG's Board are listed on EransWorld Blog under a post titled AIG's Ten Most Wanted:

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