Are you certain this is true? I believe I heard, either last night or this a.m., that the people getting the bonuses were not the people who caused the meltdown at AIG. Those people are gone.
I’m not sure, but I definitely have heard from multiple sources that they were part of the problem. It doesn’t make sense to me, but I do suppose it’s possible.
Are you certain this is true? I believe I heard, either last night or this a.m., that the people getting the bonuses were not the people who caused the meltdown at AIG. Those people are gone.
You are correctLibertarianLiz. These retention bonuses were contractually promised to people asked to stay on and unwind the Financial Products unit. They are trying to manage trillions of dollars and right the sinking ship. The ones who took the ridiculous risks are gone. Management of these products is a very specialized and there are not many around who have the skills to do so. If the folks who received the bonuses walk away (and who can blame them if they do after the venom congress spewed yesterday), AIG may yet fail.