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Still looting
Corrente — AIG Gives ‘Retention’ Pay After Scrapping Bonuses: Read more…

corporate greed didn't take a holiday
skippy the bush kangaroo — aig is giving away taxpayer money as "retention" pay (i.e., stay with us some more to drain the life out of this company bonuses.) american international group inc., the insurer that said yesterday it scrapped bonuses for top executives after a u.s. bailout, will still pay 130 managers “cash awards” to stay with the firm, including $3 million to retirement services chief jay wintrob. ..wintrob was one of six top-paid aig executives in 2007, with total compensation valued at $7.63 million. he earned a salary of $775,000 and a $1.74 million bonus in addition to stock and options, according to an april regulatory filing.- ...

While you were cooking and shopping....
Brilliant at Breakfast — ...AIG was preparing to take more of your money and give it to its executives. But don't call it a "bonus", call it a "retention agreement": ...

Your Tax Dollars At Work
Seeing the Forest — ... The insurance company AIG has so far taken about $129 billion from you and me to bail them out. They promised not to give out bonuses to the top seven execs. Of course, the Bush people only made the top seven execs promise not to take bonuses. So instead of bonuses: AIG Gives ‘Retention’ Pay After Scrapping Bonuses . Also, "cash awards." But no bonuses. They promised not to do that. ----> Scroll down to see comments. Posted by Dave Johnson at November 28, 2008 2:39 PM ...

AIG scraps "bonus" plan and replaces it with "retention" plan
AMERICAblog News| A great nation deserves the truth — Retain them? Besides the unemployment line, where would these people go? If ever there was a company begging for either Congress or the State of New York to lower the boom, it would be AIG. Looking at how badly they ruined their once proud business and then repeatedly stumbled with their post-bailout boondoggles, I don't see how this one can be overlooked. Even now, the management team remains 100% oblivious to the world around them. (h/t Gregg) ...

What's 'appropriate' pay for AIG execs?
The Swamp — ... Rep. Brad Sherman, a California Democrat, and Rep. Don Manzullo, an Illinois Republican, lit into Kashkari over a $3 million bonus to an AIG executive, just one of 130 AIG managers getting "retention" payments. ...