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Reply #17: What would have happened if the bonuses weren't given [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
FLyellowdog Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-22-09 01:43 PM
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17. What would have happened if the bonuses weren't given
and those executives had left AIG last year before their "projects, units, whatever" were completed? :shrug:
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  -Has it yet been explained why retention bonuses were pain to AIG employees who were not retained? BuyingThyme  Mar-22-09 12:42 PM   #0 
  - I haven't heard it. They're replaying Liddy's Folly on CSPAN1  EFerrari   Mar-22-09 12:44 PM   #1 
  - Thanks. Maybe I'll look again. I lost interest last time.  BuyingThyme   Mar-22-09 12:45 PM   #3 
     - It's more interesting this time around because some of the code  EFerrari   Mar-22-09 12:50 PM   #5 
  - "Hush money" has been suggested.  lamp_shade   Mar-22-09 12:45 PM   #2 
  - Yes, that's certainly a possibility, isn't it.  BuyingThyme   Mar-22-09 12:46 PM   #4 
  - When a company is closing..  stillcool   Mar-22-09 12:50 PM   #6 
  - Why not make the bonuses dependent upon actual retention instead of just handing out money?  originalpckelly   Mar-22-09 12:53 PM   #9 
  - The only time..prior to this..  stillcool   Mar-22-09 01:01 PM   #15 
  - That's what I took away from the hearings with Libby last week.  annabanana   Mar-22-09 02:07 PM   #19 
  - That's the right question to ask.  originalpckelly   Mar-22-09 12:51 PM   #7 
  - Probably the same bullshit excuse given to us by politicians from BOTH parties.  dem629   Mar-22-09 12:52 PM   #8 
  - I know, both side received tons of money from AIG last year.  originalpckelly   Mar-22-09 12:54 PM   #10 
     - Was that money FROM AIG or FROM the employees of AIG???  TahitiNut   Mar-22-09 12:59 PM   #13 
        - It's employees, but high up ones. They're executives mostly...  originalpckelly   Mar-22-09 01:18 PM   #16 
  - A retention bonus is like a 'balloon payment' in compensation.  TahitiNut   Mar-22-09 12:56 PM   #11 
  - Liddy actually explained the "retention" referred to tasks at hand an not a specific date.  KittyWampus   Mar-22-09 12:58 PM   #12 
  - It's because they are just CALLING it "retention" bonuses...the word has no meaning or basis...  TankLV   Mar-22-09 12:59 PM   #14 
  - What would have happened if the bonuses weren't given  FLyellowdog   Mar-22-09 01:43 PM   #17 
  - those on Wall Street are criminals and liars.  leftofthedial   Mar-22-09 02:06 PM   #18 
 

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