Now we know why insurance rates keep skyrocketing, to pay sales agents generous salary. But if the insurance business is segregated, then the junket should be paid from premiums, not bailout money.
Why would any good sales agent stay at AIG to face regulation? Pretty soon they will cap max salary to President’s salary of 400K, eliminate business class airfare, require Smart Car rental, etc.
Related: Article in UT last month about real estate ales agent at new home builder facing personal foreclosure because of loss of job at 180K!!! How many salaries are adjusting and not showing up in unemployment numbers?
