contracts

Opening today’s House Financial Services Committee hearing on AIG, Chairman Barney Frank (D-Mass) makes a strong case for suing all those executives who got their multi-million dollar bonuses despite their high-risk incompetence that ultimately led the company down the toilet.
Reading from the contracts — which still appear not to be publicly available, though I’m trying [...]

The federal government’s answer to the furor over AIG’s payments of ridiculous multi-million dollar bonuses to the same executives who helped drive the company into the ground seems to be “we can’t break a contract.”
But what about what the executives promised to do under those employment contracts?  Surely those contracts required managers and executives to [...]

Since President Bush wants to go out on a “so what” note — he’s really making me regret panning that Oliver Stone movie — let’s make today an official Shoe Throwing Day here at The Streak. On Saturday, ProPublica and The New York Times previewed a forthcoming official history of the alleged reconstruction of Iraq [...]

PART 2: Despite Congress’ attempts to curb spending on wasteful military integration contracts, problems continue.

A labor strike at Boeing is the latest twist in a seven-year story of corruption and conflicting interests.