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I take issue with the "contractual" obligations. I have no idea what the language of the contracts are for AIG, but I have worked for two large insurers and bonuses were always "not guaranteed and dependant on company profitability" in a given year. I have never worked for a company that just gives out bonuses while reporting record losses. I guess I should look for a better employer in the future!!!
I take issue with the "contractual" obligations. I have no idea what the language of the contracts are for AIG, but I have worked for two large insurers and bonuses were always "not guaranteed and dependant on company profitability" in a given year. I have never worked for a company that just gives out bonuses while reporting record losses. I guess I should look for a better employer in the future!!!
Something stinks at AIG thats for sure.
I agree about the stink, but these were not insurance people. These were derivative traders. Different industry, different norms.
I agree about the stink, but these were not insurance people. These were derivative traders. Different industry, different norms.
DOSEN'T matter what you call it or what industry you say it is , in the end it is "US" that get it (IN THE END) and that is called "SCREWED" . get the picture. Just food for thought ! If we stop paying taxes the government would not have the money to waste in this manner, don't ya think !
I take issue with the "contractual" obligations. I have no idea what the language of the contracts are for AIG, but I have worked for two large insurers and bonuses were always "not guaranteed and dependant on company profitability" in a given year. I have never worked for a company that just gives out bonuses while reporting record losses. I guess I should look for a better employer in the future!!!
I take issue with the "contractual" obligations. I have no idea what the language of the contracts are for AIG, but I have worked for two large insurers and bonuses were always "not guaranteed and dependant on company profitability" in a given year. I have never worked for a company that just gives out bonuses while reporting record losses. I guess I should look for a better employer in the future!!!
It shouldn't matter. Both companies I worked for had annuties lines and same applied. If the company didn't make money - 0 bonus.
I agree. I also think this is a clear mandate to break up companies like this before they get into trouble. I'm really tired of hearing that these dinosaurs are "Too big to fail." If that's the case then the SEC should have broken them into smaller pieces years ago, like we did during the trust busting era.
Their reasoning: They need to hold on to "The best and the brightest" in the field to stay competitive. HAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH AHAHAHAHAHa
Does anybody else have a joke to tell? They got me on this one. Can anybody one up them?
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