Wednesday, September 2, 2009

AIG to pay CASH (from US Taxpayers) for "Brokers' Retention Bonuses"

As reported here Feb 2009 - on top of the past TARP recipients "Retention Awards" over $5 B (not a typo) including to brokers and financial advisers at Merrill Lynch, Smith Barney and Morgan Stanley but not Wachovia - this time, as reported today in Investment News AIG's broker dealers will issue "the newest such Retention Bonuses" in amount which is unknown.

See full story here

Wonder where all that CASH is coming from - but there is a better way to pay - pay it in AIG Stock - not US Taxpayer cash!

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