Tuesday, March 17, 2009
Attorney General Cuomo: "Numerous Individuals Who Received Large 'Retention' Bonuses are No Longer at the Firm"
While AIG has tried to characterize the bonuses as "retention" payments, New York attorney general Andrew Cuomo points out in a letter to Barney Frank written today that:
Numerous individuals who received large 'retention' bonuses are no longer at the firm ....You can't pay to retain someone who is already gone.
Eleven of the individuals who received "retention" bonuses of $1 million or more are no longer working at AIG, including one who received $4.6 million ....
Here's Cuomo's letter:
House Committee Letter 3.17.09 - Free Legal Forms
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment
→ Thank you for contributing to the conversation by commenting. We try to read all of the comments (but don't always have the time).
→ If you write a long comment, please use paragraph breaks. Otherwise, no one will read it. Many people still won't read it, so shorter is usually better (but it's your choice).
→ The following types of comments will be deleted if we happen to see them:
-- Comments that criticize any class of people as a whole, especially when based on an attribute they don't have control over
-- Comments that explicitly call for violence
→ Because we do not read all of the comments, I am not responsible for any unlawful or distasteful comments.