FORA Economy

Season 2009 Episode 0316

Balachandran: AIG Employee Bonuses a 'Missed Opportunity'

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Balachandran: AIG Employee Bonuses a 'Missed Opportunity'
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Professor Sudhakar Balachandran argues that by not choosing to forgo bonuses they were scheduled to receive, executives at AIG missed a chance to boost economic morale."We're missing a great opportunity here," Balachandran says. "This is the time for business to lead, not for business to sit there and say, 'We're contractually entitled, so this is what we do.' We have to restore people's confidence. The same thinking that got us into this mess isn't going to get us out."moreless
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