We have to pay these ridiculous bonuses to the Einsteins at AIG or they'll jump ship from the company that they drove off a cliff, right? Actually, it seems that many o those folks, including one they gave a $4.6 million bonus to, were already gone. Really. You can't make this stuff up.
"A.I.G. 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," Mr. Cuomo wrote in the letter. "Something is deeply wrong with this outcome."
Mr. Cuomo did not name the bonus recipients, but the numbers are eye-popping, given A.I.G.'s fragile state. The highest bonus was $6.4 million, and six other employees received more than $4 million, according to Mr. Cuomo. Fifteen other people received bonuses of more than $2 million, and 51 people received bonuses between $1 million and $2 million, Mr. Cuomo said. Eleven of those who received "retention" bonuses of $1 million or more are no longer working at A.I.G., including one who received $4.6 million, he said.
Emphasis mine.
This is nothing more than simple larceny. Nothing more, nothing less. |
