AIG to pay $165 million in bonuses

[Pepper]

WASHINGTON – American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars.

AIG is paying out the executive bonuses to meet a Sunday deadline, but the troubled insurance giant has agreed to administration requests to restrain future payments.

<span style="font-weight: bold">The Treasury Department determined that the government did not have the legal authority to block the current payments by the company.</span><span style="font-style: italic">Thanks Dubyah, still screwing us.</span> AIG declared earlier this month that it had suffered a loss of $61.7 billion for the fourth quarter of last year, the largest corporate loss in history.

Treasury Secretary Timothy Geithner has asked that the company scale back future bonus payments where legally possible, an administration official said Saturday.

Source

Dis mek me extra mad. Imagine, my company didn't get any bailout money and nobody can't get a bonus (execs included). Why because <span style="font-style: italic">'we being fiscally responsible in these uncertain economic times'</span> And dem runcompanyinnadigroundwutlissexecs a get bonus.

[Boricua_papi]

Re: AIG to pay $165 million in bonuses

[Gen]

Re: AIG to pay $165 million in bonuses

revolution anyone ? who is in?

[Shine_Eye_Girl]

Re: AIG to pay $165 million in bonuses

mi wonda wah kinna secret AIG hab fi di gov't mek dem ah gwan suh fraidy fraidy.....

How di heck AIG manage fi get weh wid all dem madness yah.....

[Gen]

Re: AIG to pay $165 million in bonuses

mi post one comment pan the nyt last night and dem delete it


some people suggesting that if anyone have policy wid dem fi guh cancel it and mek AIG bruk dung

dem nuh have penalty fi cancel

anyway all mi can do is laugh again a mean wah fi do

by the way weh pres obama deh ? him move gone one next country ?

[Pepper]

Re: AIG to pay $165 million in bonuses

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: TLC_Beauty</div><div class="ubbcode-body">mi wonda wah kinna secret AIG hab fi di gov't mek dem ah gwan suh fraidy fraidy.....

How di heck AIG manage fi get weh wid all dem madness yah..... </div></div>

Dubyah's bailout did not come with any stipulation about not using the money to pay bonuses.

[Pepper]

Re: AIG to pay $165 million in bonuses

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen</div><div class="ubbcode-body">some people suggesting that if anyone have policy wid dem fi guh cancel it and mek AIG bruk dung

dem nuh have penalty fi cancel

</div></div>

But is not our likkle policies di govt was bailing out. Is cause whole heap a big company have dem insurance wid AIG. And if if AIG di go undah, all dem company would be left un-insured. So I guess whole heap a problem would come aftah dat.

[Gen]

Re: AIG to pay $165 million in bonuses

yes I believe is commercial policies dem referring to but you know what ?


mi suh fed up wid AIG now that mi nuh care if dem have 2,000 vendors/suppliers that would also have been affected.

mek dem bruk dung and guh file chapter 11. if dem did file chapter 11, them wouldnt a gie out the bonus money that they had hiding under dem mattress while dem stand up a beg money like dem homeless.

that bailout money may have been better off with those vendors who werent paying bonuses but merely trying to stay afloat.

[Gen]

Re: AIG to pay $165 million in bonuses

by the way dem still a talk bout retaining the &quot;best and the brightest&quot; and I have to admit that they are the best and the brightest

you have to be a genius to run a company into the ground and still find a way to get a BONUS suh mi gie dem props fi dat

[Pepper]

Re: AIG to pay $165 million in bonuses

And yuh know di ting dat mek me bringle....a bet dem nuh give di clerks, professional staff, or low level manager any bonus...citing the poor performance of the company as the reason.

[Pepper]

Re: AIG to pay $165 million in bonuses

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen</div><div class="ubbcode-body">by the way dem still a talk bout retaining the &quot;best and the brightest&quot; and I have to admit that they are the best and the brightest

you have to be a genius to run a company into the ground and still find a way to get a BONUS suh mi gie dem props fi dat


</div></div>

Dat is di odda ting. Fuss of all, no job nuh out deh, so where dem best and dullest suppose fi go?

[Sinco01]

Re: AIG to pay $165 million in bonuses

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen</div><div class="ubbcode-body">revolution anyone ? who is in?


</div></div>

[Tropicana]

Re: AIG to pay $165 million in bonuses

This is total madness. AIG executives should be fired. USELESS bunch <span style="font-weight: bold"> They are clearly incompetent and haven't a CLUE what they are doing.</span>

I could make better decisions but dem woulda nevah give me the job....wrong sex and pigmentation plus I don't kiss up to ANYBODY. My son who is in university could make better decisions....for that matter, he could have made better decisions when he was 12 years old. FIRE THE LOT and put a team of bright 12 year olds in the executive suite to run the business. They would do a far better job.

[Tropicana]

Re: AIG to pay $165 million in bonuses

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: TLC_Beauty</div><div class="ubbcode-body">mi wonda wah kinna secret AIG hab fi di gov't mek dem ah gwan suh fraidy fraidy.....

How di heck AIG manage fi get weh wid all dem madness yah..... </div></div>
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Pepper</div><div class="ubbcode-body">
Dubyah's bailout did not come with any stipulation about not using the money to pay bonuses. </div></div>

Well that was just plain stupidity and speaks to his total incompetence too. Instead of taking care of business at home, he was off inventing excuses to start a war in Iraq. Now we're ALL suffering. pon him too.

[Tropicana]

Re: AIG to pay $165 million in bonuses

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen</div><div class="ubbcode-body">by the way dem still a talk bout retaining the &quot;best and the brightest&quot; and I have to admit that they are the best and the brightest

you have to be a genius to run a company into the ground and still find a way to get a BONUS suh mi gie dem props fi dat


</div></div>

Well you have a point. I wonder if they would be able to get me a billion dollars or two.

That would set me up VERY nicely. Let's see I would buy.

<span style="font-weight: bold"> A beachfront villa in Jamaica</span>



<span style="font-weight: bold">A villa in Dubai on one of the Palm Islands </span>


<span style="font-weight: bold"> A really hot and sexy car</span>



<span style="font-weight: bold">A string of polo ponies and hire a hot looking groom and a hot and sex professional to coach me </span>




I wonder if they're hiring. Yes, one or two years of those bonuses would set me up VERY nicely.