AIG to pay $450 million in bonuses - using Taxpayer money
What the hell?
http://www.bloomberg.com/apps/news?pid=20601087&sid=auhzcUg60VZA&refer=home
The specifics:
About 400 workers at New York-based AIG’s financial products unit may get $450 million in two installments, said two people familiar with the situation who declined to be identified because the plan is confidential. That is in addition to about $619 million in retention pay going to 4,200 executives and employees at subsidiaries including life insurance.
Seriously? These are the people that the government has bailed out not once but twice, and has seen a significant percentage of the financial sector bailout money - something like a hundred billion dollars of taxpayer money.
This is just wrong.
Retention bonuses? They really feel like they need to keep those people that drove the company into the ground? FIRE THEM ALL.
I sure wish I got a million dollar bonus.
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