AIG …. $165,000,000.00 Retention
I don’t know about you but I am pissed at AIG getting their retention bonuses, who in their right mind would think of such a scheme, but was it?
It seems that we all missed the point, this is an employee contract, no matter how unpalatable it is it was a written contract with the AIG executives, these were a unique bunch, they were the ones placed by AIG to sell this product, their job was now to get rid of them and they were the perfect candidate for it.
Sell they did, they sold over a trillion dollars worth, these are experts and qualified people who lost their jobs at the end of the contract, we can look back now and say they were paid too much, but whom else do you think would have sold it? someone off the street? how long do you think it would have taken to sell them? more than likely few years.
This is a country of laws, just remember that next time.