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Yeah, everybody should make the same - that worked so well for us in my homeland (USSR).
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Nobody is saying everybody should earn the same amount. If money is so important to this guy, then he shouldn't have been dumb enough to agree to a base salary of $1. In any company I've ever worked for, bonuses are always determined (at least in part) by company performance, which in AIG's case was obviously very poor. A bonus is not his salary, nor is a bonus a sales commission.