Yesterday, there was a firestorm in Washington D.C., where AIG CEO Edward Lilly was grilled by Congress regarding the multimillion dollar bonuses that some AIG executives received, after the company received federally-funded bailout payments. Everyone from President Obama to Congress and the common man reacted with anger that AIG would continue to pay bonuses considering the collapse of the company and their acceptance of federal funds to stay afloat, even though Senate Banking committee chairman Christopher Dodd (D-Connecticut) now admits including a loophole clause in the bailout plan that allowed for the bonuses. Liddy has asked that the executives who received bonuses return half of the money. He stated that a few have stepped up voluntarily to return the bonus.
If you were one of the AIG executives that received a hefty bonus, would you return it? If you would keep the bonus, tell us your reasons why.