The Mudcat Café TM
Thread #119402   Message #2589479
Posted By: Ebbie
15-Mar-09 - 02:53 PM
Thread Name: BS: $100 million bonuses to AIG execs
Subject: RE: BS: $100 million bonuses to AIG execs
Hmmmm. It appears that my post disappeared. I posted a slightly smaller corrected figure, gnu. Came to a total of $220M. (165M plus 55M, I think)

"A white paper prepared by the company says that AIG is contractually obligated to pay a total of about $165 million of previously awarded "retention pay" to employees in this unit by Sunday, March 15. The document says that another $55 million in retention pay has already been distributed to about 400 AIG Finance Products employees."

As found here

Notice in the article it says in passing there will be more bonuses for 2009.

Maybe it means that the aforesaid CEOs are the only jpeople who fully understand how small a percentage of a billion dollars a million dollars is.