And it seems as all those execs were loyal to the end, as 11 of them left the company after receiving their bonuses.
Quote:
that AIG paid 73 employees bonuses of more than $1 million each.
Cuomo also wrote that 11 of the employees no longer work for the company.
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http://www.cnn.com/2009/POLITICS/03/...ses/index.html
I agree with Prof though, at this point it is just a terrible idea to harp on it, I know the American public wants justice, but I hope this giant flashlight on the business world helps in getting in more regulation to these practices as no one seemed to have an issue with it until they started taking money.
Maybe a fail safe clause so that bonuses aren't paid for under performing members or in environments like this which I hope never happens again.