AIG Staff: We Deserve This Money

The Hill:

AIG's new management team last year proposed that its employees give up their "retention" bonuses, or at least reduce them. The response from the 370 or so employees set to rake in $450 million in bonuses through 2010?

Take a hike.

Read the whole story: The Hill

Comments

[WriterGirl]

10:39 PM on 03/18/2009

Names. The public needs the names of all these people.

Then they'll get what they deserve.

[CrankyCurmudgeon]

08:46 PM on 03/18/2009

With respect to "what they deserve", I believe Stephen Colbert had it pegged the other night. Pitchforks­, torches, rails, tar, and feather . . . perhaps, dare I say, the guillotine for some. Would that many of these folks had the decency to either merely back off, or commit seppuku.

[PSM42]

08:42 PM on 03/18/2009

Memo to AIG Staff

Suggesting that you need to 'get what you deserve', as in bonuses, is more than a little r1sky in the present climate.

Your CEO Liddy has told Congress that promises to 'give you many of you what you deserve' have already been made by many incensed individual­s. Some or all of whom may or may no longer be completely balanced -- many of them being newly unemployed­, bankrupt, investment­less, pensionles­s and or homeless.

Their promises do _not_ include money. But they do involve _p1ano_w1r­e_, your home addresses and your children.

Just a suggestion­.

[traveler501]

08:25 PM on 03/18/2009

guys, you went bankrupt..­.what you deserve has no relevence (except of course that it's your own fault you went bankrupt).

[AN2009]

07:33 PM on 03/18/2009

"AIG Staff: We Deserve This Money"

Morpheus (Laurence Fishburne)­: "Would that include a bullet from this gun?"

[paixa3]

06:49 PM on 03/18/2009

Those who committed fraud deserve prison; the others deserve nothing.

[getoffthecross]

05:11 PM on 03/18/2009

I haven't received a bonus in four years. I haven't received a cost-of-li­ving increase in over three. But, you know, I'm sure they contribute so much more to our economy...

[edwarvir]

04:27 PM on 03/18/2009

You don't get a reward for failing. You get punished.

[OpalSky42]

04:23 PM on 03/18/2009

Short answer - no, you don't. You crashed your company (and the entire US economy with it) so no bonus for doing a majorly screwed up job.

[rabiddog6708]

03:37 PM on 03/18/2009

"Deserve's got nothing to do with it" - Will Munny (Clint Eastwood) in UNFORGIVEN­.

[neoprimordial]

01:47 PM on 03/18/2009

"We deserve this money": the ultimate statement of delusion in all this mess. In reality, they deserve to be prosecuted and all their assets seized, including, of course, any and all bonuses.

[JoeBlough]

02:11 PM on 03/18/2009

Bail-out was not for payroll purposes.

[texastrixie]

01:32 PM on 03/18/2009

You may deserve the bonuses, but you also deserve to be in jail! I cannot believe that we are going to have to give these people a bonus to tell us how they sliced&dic­ed their financial "products.­" This looks like some sort of ponzi scheme or fraud to me. These people should be up on charges and begging us to let them show us how this happened, and why its legal. I think people should be under investigat­ion all the way back to this Greenberg twerp. And why is Paulson not up in front of a committee? He can't be brought up on charges for what he did in formatting the bank bailouts, but he could be prosecuted for lying to Congress about what he did, why, etc., if he is called before Congress. Give him immunity (since he essentiall­y already has it for his prior actions), but then tell him if he doesn't tell the Congress the truth, all of it, he will cool his heels in a cell for contempt of congress.

[exhale09]

01:30 PM on 03/18/2009

What did george Bush know, and Hank Paulson, and When did they know it?

[JoeBlough]

02:12 PM on 03/18/2009

This entire thing smacks of Bush Legacy.

[Furby]

01:04 PM on 03/18/2009

AIG should not honor the contract and let those employees sue. Let's see how many of them are willing to publish their identities in order to sue.

[jazabelz]

02:25 PM on 03/18/2009

And put up their own money to hire attorneys!­!! I say -- go for it AIG employees -- we'll take money stimulatin­g the ecnomy any way we can get it! This could drag on for years and think of all the money their lawyers would be making and spending in the market!

[bluecash]

01:03 PM on 03/18/2009

Who wants to bet that these thieving b astards have lots of inside info on their bosses. It is HUSH MONEY plain and simple!