AIG Managers To Receive $380 million

Filed under: Management, Insiders, Employees, Personal Finance, Politics

American International Group, Inc. (AIG) earned $1.45 billion in the first quarter. AIG owes the government $182.3 billion. AIG plans to pay its managers $380 million in bonuses. Do you see anything wrong with this picture?



Up to 3,000 managers will receive an average of $125,000. AIG has maintained that it has to pay these huge bonuses to retain their employees. This is hogwash. You can bet that there are thousands of unemployed persons on Wall Street who can do the job.

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AIG Managers To Receive $380 million originally appeared on BloggingStocks on Tue, 11 May 2010 18:00:00 EST. Please see our terms for use of feeds.

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