Monday, March 23, 2009

AIG News

  • AIG losing top talent Nov 2008
  • AIG having trouble untangling businesses and selling Dec 2008
  • Democrats complaining about retention bonuses Dec 2008
  • Rep. Elijah Cummings letter to AIG CEO Edward Liddy Dec 2008
  • AIG losing "best in the business" as Liddy offers $450 for them to stay Dec 2008

    It was common knowledge back in 2008 that these AIG bonuses were planned, and many of the executives would have left the company by now if they had not been promised the bonuses. Many of them were working for $1 a year and their only compensation for the last year or so were these bonuses. The Democrats are hypocritically demagoging the issue when they act like they just found out about them.
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