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.


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  2. It's not that I support huge payouts/bonuses to those who didn't earn them by working hard, but on the other hand these bonuses are partly normal salary that has been withhold from the last year. So before making too much noise about it, is it really fair to tax it by 90%?

    Take care,