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AIG Bonuses: 73 got atleast $1 million

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AIG Bonuses: 73 got atleast $1 million

Postby FAH1223 » Tue Mar 17, 2009 3:51 pm

:down: :down: :down:

http://money.cnn.com/2009/03/17/news/co ... 2009031715

"These payments were all made to individuals in the subsidiary whose performance led to crushing losses and the near failure of AIG," said Cuomo in the letter. "Thus, last week, AIG made more than 73 millionaires in the unit which lost so much money that it brought the firm to its knees, forcing a taxpayer bailout."

"Something is deeply wrong with this outcome," he added.

According to Cuomo, the top seven recipients received more than $4 million each, and the top 10 got a combined $42 million, according to Cuomo's letter. In the next tier, 22 AIG employees received a combined $72 million with those bonuses totaling at least $2 million each.

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Re: AIG Bonuses: 73 got atleast $1 million

Postby Niya » Tue Mar 17, 2009 4:22 pm

http://i.cdn.turner.com/cnn/2009/images ... .16.09.pdf

Mr. Cuomo has spoken....let us see who wins.


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