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Venetian Poker

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  • How to Not Pay the AIG Bonuses [View article]
    I think everyone needs to know exactly what these bonuses are for before we can say what is right.

    Some of these bonuses are for $1,000. I don't think anyone getting a $1,000 bonus had much of a hand in the downfall of AIG. And I'm betting that it's a lot of money to the recipient, perhaps enough to make mortgage payment.

    And if someone is a top producer or earner for AIG and they're entitled to a $1 million bonus, then they should get that, too. (Won't the feds be taking 40% of it back, anyway?)

    What's clear here is that bonuses should not be paid for poor performance, and if "contracts" allow such payments in the absence of a positive outcome, then we have even more insight as to why AIG is in the shape it's in today, don't we?
    Mar 16, 2009. 09:01 PM | 1 Like Like |Link to Comment
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