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Old 12-05-2008, 03:02 AM
 
12,867 posts, read 14,875,616 times
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Dec. 4 (Bloomberg) -- American International Group Inc., whose bonuses and perks drew fire from lawmakers after the insurer accepted a federal bailout, will make special retention payments that more than double the salaries of some senior managers, according to a person familiar with the matter.

Some executives among 130 recipients will get more than $500,000, about 200 percent of their salaries, to stay through 2009, said the person, who declined to be named because the information hasn’t been publicly disclosed. An undetermined number of lower-paid employees will also get cash awards to dissuade them from quitting, the person said.

i find it amazing that they think people would be quitting jobs that are already highly paid in this environment.....
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Old 12-05-2008, 08:03 AM
 
Location: Heartland Florida
9,324 posts, read 26,686,534 times
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Oh yes, they have done such a great job that the company cannot afford to have them leave. Just keep milking the cow (US taxpayer) till it dies. None of this surprises me anymore.
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