Sunday, March 15, 2009

While Rome burns...

One has got to love this bit of news...

A white paper prepared by the company says that AIG is contractually obligated to pay a total of about $165 million of previously awarded "retention pay" to employees in this unit by Sunday, March 15. The document says that another $55 million in retention pay has already been distributed to about 400 AIG Financial Products employees.

AIG has already recieved a taxpayer bailout of more than $170 billion dollars.

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