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AIG Gives ‘Retention’ Pay After Scrapping Bonuses:

American International Group Inc., the insurer that said yesterday it scrapped bonuses for top executives after a U.S. bailout, will still pay 130 managers “cash awards” to stay with the firm, including $3 million to retirement services chief Jay Wintrob.

My question is, why do we want to "retain" them at all? Shouldn't they be fired, seeing what they did to their company, the shareholders, the taxpayers, and the country?

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lillianjane's picture
Submitted by lillianjane on

That's about all I can muster. Egregious. Blatant. Heinous. And mostly--why isn't someone stopping them!?

Damon's picture
Submitted by Damon on

Yes, "cash awards", is nothing more than a cash rewarded bonus, as is "retention pay". You know what they say, a rose by any other name would smell as sweet. Or in this case, a shitpile by any other name is still a shitpile.