AIG

[classicman]

Originally Posted by TGRR

$169 million of the $208 million in bonuses were paid on the troubled financial services side of AIG.

Financial SIDE - keyword is side. They were not in that particular department. This is OLD news.

Originally Posted by TGRR

11 people who received these so-called "retention payments" no longer work there.

Because they already fulfilled their obligation to the contract.
85% ARE STILL WORKING THERE

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.

"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.

This is a pittance of what AIG got. Remember that - 1/1000th.

Wanna bitch? Read your article...

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.