Wednesday, March 18, 2009

AIG... By the #'s

Infectious Greed details:

  • The top recipient received more than $6.4 million
  • The top seven bonus recipients received more than $4 million each
  • The top ten bonus recipients received a combined $42 million
  • 22 individuals received bonuses of $2 million or more, and combined they received more than $72 million; 73 individuals received bonuses of $1 million or more
  • 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.
In total, 11 of 73 received a $1 million bonus and no longer work there... the chart below shows roughly the same ratio; 6 of 36 to put that in perspective.



Apparently, the $1 million "retention bonuses" weren't enough. After AIG became the "poison ivy" of the financial community, cash in hand no longer served any purpose to stay.