AIG Prepares to Pay More Bonuses to Executives

[EV_Ares]

Dam, I get so sick reading about this kind of crap with the banks, the insurance companies.

American International Group is preparing to pay next week millions of dollars more in bonuses to dozens of corporate executives, a source familiar with the development said.

The company is reviewing its compensation plans with Washington as it tries to avoid the national furor set off by $165 million in retention bonuses paid to employees of a financial products unit in March.

Much of AIG's $99 billion in losses last year stemmed from derivatives written by that unit.

Link: http://www.cnbc.com/id/31838262

[Uben]

1. These fuckers don't understand

...we're not stupid! If you can afford to pay those high bonuses, you are charging to much for insurance. Period!

[cdsilv]

2. they need to pay retention bonuses in THIS economy?

....if the 'wunderkind' that brought us this meltdown need 'bonuses' to stay at AIG, let them quit and take their ball/bat & glove home.

[Deja Q]

3. Everyone else is being hit. Why can't they? The gold-plated pacifiers and hookers too much a need?