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| AIG To Pay Up To $4 Million in Bonuses | |
| 2008-12-09 | |
| I was under the impression that AIG was told specifically not to pay executive bonuses. But not to worry. Government is in charge...
The incentives range from $92,500 to $4 million for employees earning salaries between $160,000 and $1 million, Chief Executive Officer Edward Liddy said in a letter dated Dec. 5 to Representative Elijah Cummings. The New York-based insurer had previously disclosed that 130 managers would get the awards and that one executive would get $3 million. | |
| Posted by:badanov |
| #8 perhaps Senator "Friend of Angelo" has the same prescription for Countrywide? Didn't think so. Dodd and Barney Frank should be testifying under oath, not interrogating |
| Posted by: Frank G 2008-12-09 17:37 |
| #7 Congress is getting all bunched up about the car company executives. Dodd said GM's CEO should go before any consideration of a bailout. There doesn't seem to be the same scrutiny of AIG. Maybe it is because Queen Nancy has retirement holdings in AIG. |
| Posted by: JohnQC 2008-12-09 17:16 |
| #6 That's up to $4Million EACH? For 130 managers? Even at $92,500 each for 130 that is over $12Million! WTF!!!!! There is not a single manager in AIG that should get a single dollar of bonus money. |
| Posted by: bigjim-ky 2008-12-09 13:43 |
| #5 Seems like these big companies are like the farmer who buys a new truck before declaring bankruptcy. AIG advertises prominately during KU home basketball games (very lucrative space). Sprint, stock abou 5% of what it was a couple years ago, opened the Sprint Center in KC. Ford Stadium in Detroit, Enron Field...I'm sure there are many good and bad examples but these pop to mind instantly. |
| Posted by: swksvolFF 2008-12-09 13:12 |
| #4 Just wait until the government bailout oversight police hear about THIS! |
| Posted by: Besoeker 2008-12-09 08:48 |
| #3 anyone think AIG is bonna pay back those loans? I f they do addd 30% interest too them like the credit card companies have done too us all these years |
| Posted by: sinse 2008-12-09 08:32 |
| #2 Where are they going to go? Wanted! Board Level Position with Turning up to work Bonus Scheme. Must have experience in mis-pricing securities, also experience in creating bonus schemes where no profits exist is a must. Bit unlikely isn't it! |
| Posted by: Bright Pebbles 2008-12-09 08:27 |
| #1 Four million is chump change ... And we're the chumps. |
| Posted by: Spot 2008-12-09 08:14 |