{"id":1700,"date":"2009-03-19T11:08:35","date_gmt":"2009-03-19T15:08:35","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=1700"},"modified":"2009-03-19T11:08:35","modified_gmt":"2009-03-19T15:08:35","slug":"chris-dodd-was-against-aigs-bonuses-before-he-was-for-them","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/19\/chris-dodd-was-against-aigs-bonuses-before-he-was-for-them\/","title":{"rendered":"Chris Dodd Was Against AIG’s Bonuses Before He Was For Them???"},"content":{"rendered":"

It’s getting so you can’t follow the twist and turns in the AIG retantion bonus kerfufle without a map… It now looks like Chris Dodd was against the bonuses before he was for them but now he’s against them<\/a>:<\/p>\n

For a while, the disappearance of an executive bonus restriction from last month’s economic stimulus looked like sleight of hand worthy of a Las Vegas stage. No one could explain how the provision faded into thin air.<\/p>\n

On Wednesday, Sen. Chris Dodd, D-Conn., acknowledged that his staff agreed to dilute the executive pay provision that would have applied retroactively to recipients of federal aid. However, Dodd said he was not aware of any American International Group Inc. bonuses at the time the change was made.<\/p>\n

The provision was the subject of new attention this week because, had it survived, it would have prevented AIG from granting $165 million in bonuses to employees of its financial products division.<\/p>\n

“I’m the one who has led the fight against excessive executive compensation, often over the objections of many,” said Dodd, the chairman of the Senate Banking Committee. “I did not want to make any changes to my original Senate-passed amendment, but I did so at the request of administration officials, who gave us no indication that this was in any way related to AIG.”<\/p><\/blockquote>\n

Putting aside for a moment that the Government has no business bailout failing private enterprises or regulating executive compensation… It appears that Sen. Dodd inserted an amendment that exempted contractually obligated bonuses agreed on before Feb. 11, 2009 into the stimulus bill at the request of the Treasury<\/a>.<\/p>\n

Bottom line Senator; you’re the one who changed the amendment allowing these bonuses to be paid. No matter how you try to spin it, it’s your responsibility.<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

It’s getting so you can’t follow the twist and turns in the AIG retantion bonus kerfufle without a map… It now looks like Chris Dodd was against the bonuses before he was for them but now he’s against them: For a while, the disappearance of an executive bonus restriction from last month’s economic stimulus looked […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7],"tags":[128,521,164],"class_list":{"0":"post-1700","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-politics","7":"tag-aig","8":"tag-bonuses","9":"tag-chris-dodd","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-rq","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1695,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/17\/the-hits-keep-coming-chris-dodd-was-for-aig-bonuses-before-we-was-against-them\/","url_meta":{"origin":1700,"position":0},"title":"The Hits Keep Coming: Chris Dodd Was For AIG Bonuses Before He Was Against Them","author":"Jeff","date":"March 17, 2009","format":false,"excerpt":"From Fox Business (emphasis mine): Senator Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group (AIG: 0.9194, 0.1393, 17.86%) bonus recipients so the government could recoup some or all of the $450 million the company is paying to employees in its financial products unit. Within\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1789,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/24\/chris-dodds-wife-paid-by-aig-subsidiary\/","url_meta":{"origin":1700,"position":1},"title":"Chris Dodd’s Wife Paid by AIG Subsidiary???","author":"Jeff","date":"March 24, 2009","format":false,"excerpt":"Chris Dodd had an Op Ed in \"Dodd: Setting the record straight\" in this morning's News Times... Unfortunately, the piece doesn't seem to be on their web site so I can't link to it... Regardless the timing couldn't have been worse since Sen. Dodd is likely to face new questions\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1766,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/22\/ap-dodds-stock-with-voters-began-dropping-before-aig\/","url_meta":{"origin":1700,"position":2},"title":"AP: Dodd’s Stock With Voters Began Dropping Before AIG","author":"Jeff","date":"March 22, 2009","format":false,"excerpt":"As a Connecticut resident I've been hearing the rumblings about Chris Dodd for a while now but they're finally starting to come into national focus: HARTFORD, Conn. \u2013 Howard Rosenblatt voted for U.S. Sen. Christopher Dodd five years ago. He won't do that again. \"It's time for Chris to resign,\"\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2086,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/04\/27\/democratic-scandal-scorecard\/","url_meta":{"origin":1700,"position":3},"title":"Democratic Scandal Scorecard","author":"Jeff","date":"April 27, 2009","format":false,"excerpt":"Most ethical Congress in History? Umm, yeah, not so much... Jim Geraghty has the list, starting with Connecticut's own Chris Dodd: SEN. CHRIS DODD (D., CONN.): Dodd is most notably and recently in trouble for the provision of the stimulus bill that ensured\u00a0that\u00a0already-existing contracts for bonuses at companies receiving federal\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1870,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/04\/02\/chris-dodds-approval-numbers-sink-to-new-lows\/","url_meta":{"origin":1700,"position":4},"title":"Chris Dodd’s Approval Numbers Sink To New Lows","author":"Jeff","date":"April 2, 2009","format":false,"excerpt":"The hits just keep coming for Sen Chris Dodd (D-CT)... The latest Quinnipiac Poll shows his approval numbers have dropped to 33 percent and that trails both likely Republican challengers, former Congressmen Rob Simmons and state Sen. Sam Caligiuri in head to head match ups: Dodd's new 33 percent rating,\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1795,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/25\/nyt-dear-aig-i-quit\/","url_meta":{"origin":1700,"position":5},"title":"NYT: Dear A.I.G., I Quit!","author":"Jeff","date":"March 25, 2009","format":false,"excerpt":"I hope Barack Obama, Timothy Geithner, Nancy Pelosi, Barney Frank, Chris Dood, Andrew Cuomo, Richard Blumenthal and all the pundits who have lead the AIG lynch mob are happy now: The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group\u2019s\u2026","rel":"","context":"In "Culture"","block_context":{"text":"Culture","link":"https:\/\/www.jasetaro.com\/blog\/category\/culture\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/1700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=1700"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/1700\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=1700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=1700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=1700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}