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Old 03-18-2009, 10:09 AM   #16
fishbones
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Slipknot, bonuses were originally for good performance, hence the term "bonus" because it wasn't something guaranteed. When the job market got crazy and people were jumping ship to go to other companies for more money, they started guaranteeing bonuses to retain "talent". The big bonuses at AIG are these retention bonuses, and as such are guaranteed as long as the person stays there until payment becomes due. There's probably something written into the contract that pays the person if they are terminated by the company before the bonus is due.

This will be a big wake up call to companies that pay these types of bonuses that aren't performance based. Especially in the job market that we are currently eperiencing, I doubt there are many companies offering huge retention bonuses.

Conservatism is not about leaving people behind. Conservatism is about empowering people to catch up, to give them tools at their disposal that make it possible for them to access all the hope, all the promise, all the opportunity that America offers. - Marco Rubio
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