Robert Benmosche, former CEO Of American International Group (AIG)—one
of the biggest corporate recipients of government bail-out (TARP) funds—likened
the resistance by the American public and some government officials to partial
bonuses being paid to hundreds of employees in the ill-fated financial products
unit as akin to a racial lynching. Rather than debating the merits of the bonuses, I want to dissect Benmosche's statements for clues to his underlying mentality.
The complete essay is at AIG's Benmosche on Bonuses amid the Bailout.