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I've got a retention bonus for AIG FP employees...

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Blue State Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-19-09 02:21 PM
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I've got a retention bonus for AIG FP employees...
Edited on Thu Mar-19-09 02:23 PM by Blue State Bandit
As explained by Liddy, the "retention" bonuses being paid out to the Financial Products division was to keep them at their desks so that they could "un-wind" their individual books of business.

After they complete this task of untangling there part of the business, they then receive their "retention" bonuses. The thinking is, as I understand it, was that they know their portion of the problem better than anybody else. To have others come in and try to do this task would take longer and risk AIG's ability to get out from under this mess in a timely fashion.

Well I have a better idea.

If they stay on to close out their books, they will be given a reduced sentence if any of their so called "books of business" reveal wrong doing including the use of ill acquired mortgages within their financial products. Heck I would be OK if they were given some kind of limited immunity from prosecution if they do an outstanding job. Maybe we can give them a small bonus if, in the course of their work, they assist in the prosecution of those involved in predatory lending of mortgages within their portfolios

"Untangle this mess, and the Justice Department won't throw the book at you! Walk away, and risk jail time".

How's that for a bonus?
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