Tuesday, January 27, 2009

Lose $34 billion for AIG and you get a $450 million dollar bonus!

When does this end with AIG? Today AIG offered a $450 million retention package to the staff of it's credit derivatives program that lost $34 billion dollars!
http://www.bloomberg.com/apps/news?pid=20601087&sid=avGnUgGMu1q4&refer=home

Now their "retention" bonuses exceed one billion dollars.

Where is the line for the people that want to hire these folks that lost $34 billion????

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