Wednesday, March 18, 2009

I thought they were retention bonuses!

From Finance:
AIG CEO asks employees to repay some bonus money
[AIG CEO Edward] Liddy said some employees had already given back their entire bonuses, and some had left the company after receiving their bonuses.
[emphasis added]
These were advertised as retention bonuses, weren't they?
So if you get the bonus, you still get to leave the company???

Again: did the folks who negotiated these contracts on behalf of AIG - you know, the contracts that include "retention" bonuses that don't in fact retain folks - ... did THESE folks get bonuses?
Are they still employed by AIG???

Just asking.

No comments:

Post a Comment