Bonuses

I don't fully agree with the amount of outrage that there has been about the most recent AIG bonuses. I don't like it, but it is also how they run their business and compensate their employees.

The Cafe Hayek blog had a brief post related to all of this based on a New York Times article. I especially liked Russell Roberts' conclusion:

I wish the bonuses would stop, too. I don't believe in rewarding people who destroyed their company. Note to the President: when you stop sending them money, the bonuses will stop.