AIG Gives Us (The American People) The Finger
Tuesday, February 2, 2010 at 3:36PM According to the Washington Post, AIG is set to distribute about 100 Million Dollars in bonuses Wednesday to workers in the Financial Products division—the folks that brought the US banking system to the edge of collapse. This is an early payment (by one month) for employees who agreed to accept reduced bonuses (my, that must have hurt them).
According to one employee, the reduced payments are an attempt to pivot away from this issue and put it behind them. (There is also a discussion of how this is an attempt to get away from the public uproar that occurred when AIG paid this same set of employees 168 million last March.)
What this really feels like is AIG giving the public the finger and expecting that the company’s Republican friends will protect it from any regulatory backlash. I think “AIG can count on that.
AIG, bonuses, wallstreet