Tuesday, March 17, 2009
When Andy goes looking
You don't want to know what he will find, no matter what side you are on. If you are a taxpayer and a working stiff, under pressure from your boss to do more, better every day this is the last straw.
Seventy-three employees of troubled American International Group received more than $1 million in bonuses under contracts that guaranteed them 100 percent of their 2007 pay in 2008 regardless of performance, New York State Attorney General Andrew Cuomo said...And just as with Bank of America and Merrill Lynch, Andy is pushing for the names of these lucky duckies who were given retention bonuses, including 11 who decided not to be retained. Nothing says "Fuck you" like taking the money and running.
..."These payments were all made to individuals in the subsidiary whose performance led to crushing losses and the near failure of AIG," Cuomo said in a letter today to Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee. "Thus, last week, AIG made more than 73 millionaires in the unit which lost so much money that it brought the firm to its knees, forcing a taxpayer bailout. Something is deeply wrong with this outcome."
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