Thread: AIG
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Old 03-17-2009, 08:00 AM   #22
RIJIMMY
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Quote:
Originally Posted by spence View Post
Yea, the IT staff has a contractually binding bonus agreement

Good one.

From what I hear these were the folks managing the credit default swaps at the center of this mess.

-spence
"from what I hear" is from a media too stupid to ask the right questions.
I'm not sure what contreactually binding means in this scenario, but I bet there are divisions of AIG that are profitable and I bet IT and Admin people have an offer letter that stipulates a bonus payout. That could be a legal mess.

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