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Originally Posted by TGRR
$169 million of the $208 million in bonuses were paid on the troubled financial services side of AIG.
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Financial
SIDE - keyword is side. They were not in that particular department. This is OLD news.
Quote:
Originally Posted by TGRR
11 people who received these so-called "retention payments" no longer work there.
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Because they already fulfilled their obligation to the contract.
85% ARE STILL WORKING THERE
Quote:
Originally Posted by TGRR
Screw that. They had a deal with their employer. Their employer no longer works there, and they have a new boss.
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Quote:
"All commerce throughout the world is dependent on the sanctity of contracts," said James Donovan, a Los Angeles attorney.
Such moves could make it difficult for financial companies to recruit employees because they might fear their employment contracts would be broken, he said.
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This is a pittance of what AIG got. Remember that - 1/1000th.
Wanna bitch? Read your article...
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Last month, The Wall Street Journal reported that Morgan Stanley plans to pay up to $3 billion in retention bonuses to 6,500 brokers in its joint venture with Smith Barney. Morgan Stanley has received $10 billion in bailout funds.
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