and is paying bonus...why? any bonus i get is paid to performance and meeting financial goals by my hospital...how in the world is AIG, which has lost millions is paying bonus? if those people were any good at their jobs, their company wouldn't be in this mess....and if the "talent' that created their mess wants to leave for another financial services company...who is hiring today and why do they think their skill set is gonna be wanted elsewhere? .................................................. .......................................David Cho
Washington Post Staff Writer
Saturday, March 14, 2009; 5:25 PM

Despite receiving $170 billion in federal aid and recording a staggering loss for the last quarter, insurance giant American International Group is doling out tens of million of dollars in bonuses this week to senior employees.

While AIG agreed to pay the bonuses months before the government's rescue of the company began, the matter still is a source of anger for government officials. In a phone call on Wednesday, Treasury Secretary Timothy F. Geithner told AIG Chairman and chief executive Edward M. Liddy that the payments were unacceptable and needed to be renegotiated, according to an administration source.

The company has since agreed to change the terms of some of these payments. But in a letter to Geithner, Liddy wrote that the bonuses could not be cancelled altogether because the firm would risk a lawsuit for breaching employment contracts. Liddy also expressed concerns about whether changing the bonuses would lead to an exodus of talented employees who are needed to turn the company around
AIG has agreed to restructure the $9.6 million in bonuses it would have paid to the firm's top 50 officers. AIG's top seven executives, including Liddy, have already agreed to forgo this payment altogether. The next 43 highest ranking officers would still receive half of their bonuses now. A quarter would be dispersed on July 15 and the rest on Sept. 15, but these last two payments would be contingent on whether the company makes progress on its restructuring plan.

Other bonus payments to thousands of employees, which total in the hundreds of millions of dollars, are still on AIG has agreed to restructure the $9.6 million in bonuses it would have paid to the firm's top 50 officers. AIG's top seven executives, including Liddy, have already agreed to forgo this payment altogether. The next 43 highest ranking officers would still receive half of their bonuses now. A quarter would be dispersed on July 15 and the rest on Sept. 15, but these last two payments would be contingent on whether the company makes progress on its restructuring plan.

Other bonus payments to thousands of employees, which total in the hundreds of millions of dollars, are still on track to be paid out.
unreal, just massively unreal