And, yes, I DO take it personally: $100M worth of bonuses to be paid out tomorrow by AIG

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And, yes, I DO take it personally

Tuesday, February 02, 2010

$100M worth of bonuses to be paid out tomorrow by AIG

the good news just never stops...

American International Group plans Wednesday to pay another round of employee bonuses worth about $100 million, said several people familiar with the matter, a year after similar payments at the bailed-out insurance giant infuriated many Americans and inflamed Washington.

This week's payments will go only to employees at the company's Financial Products division who agreed recently to accept between 10 and 20 percent less money than AIG had initially promised them years ago. In return, they are receiving their payments more than a month ahead of schedule.

The company is still scheduled to pay out tens of millions of dollars more in March, mostly to former employees who did not agree to the concessions.

but i'm sure they deserve them...

Labels: A.I.G., bailout, executive bonuses, obscenities