My first recruiting gig was on the agency side. Our CEO got fired one day because he was supposed to take the company from 15 million to 20 million in revenue. He lost the company money and we ended up in the negative at the height of the “job hiring” market.

They tried to keep his salary and bonus, but the CEO had an employment contract with the owners. They went to court. The CEO won a settlement and the owners paid more in the end.

Today, the AIG Execs are getting taxed 90% on their bonus BUT they had a contract in place before the bail out. Do you think congress and lawmakers did the right thing? Please explain why.