AIG Bonuses After Bailout – Round 2

the AIG bonuses issue after the bailout has gone to round 2. AIG plans todayto pay another round of employee bonuses, worth about $100 million, said several people familiar with the matter, a year after similar payments at the bailed-out insurance giant infuriated many Americans and inflamed Washington. Whatever you think about the issue here’s our take. These payouts were for contracts for American employees that were entered into nearly 3 years ago (before the collapse). This are people just like you and me…so how would you feel if you worked all these years for nothing? Changes things a bit huh?

Even still about 97 percent of current employees at the Financial Products division agreed last week to forgo 10 percent of their upcoming bonuses in return for early payment.