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ft.com - 11/28/2008
FT.com / Companies / Insurance - AIG to pay retention bonuses to executives
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One day after announcing strict limits on salaries and bonuses for its top tier of executives, AIG revealed that some of those executives will receive millions in “retention bonuses” next year. In a regulatory filing on Wednesday, the insurance group disclosed that Jay Wintrob, an executive ...
bloomberg.com - 11/26/2008
AIG Gives ‘Retention’ Pay After Scrapping Bonuses (Update2)
— bloomberg.com — Nov. 26 (Bloomberg) -- 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 ... (more) AIG Gives ‘Retention’ Pay After Scrapping Bonuses (Update2)
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Whiskey Fire:  Holiday Greetings from Bailout Nation

Angry Bear:  AIG as a symbol of ?

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Holiday Greetings from Bailout Nation
Whiskey Fire — ... by flory More fun in Bailout Nation! This time from your friendly insurance salesemen at AIG. We'll start with the good news: The company announced on Tuesday that Mr Liddy would be paid a salary of $1 for 2008 and 2009, and that Paula Rosput Reynolds, who joined AIG as chief restructuring officer in October, would receive no salary or bonus for 2008. The company said the other five members of AIG’s seven-member leadership group would not receive annual bonuses for 2008 or salary increases through 2009. ...

AIG as a symbol of ?
Angry Bear — Financial Times shows us that One day after announcing strict limits on salaries and bonuses for its top tier of executives, AIG revealed that some of those executives will receive millions in “retention bonuses” next year. In a regulatory filing on Wednesday, the insurance group disclosed that Jay Wintrob, an executive vice-president, had put off receiving the first installment of his $3m retention bonus from December to April 2009. He will receive the second installment, originally scheduled to be paid out in December 2009, in April 2010. David ...

Related: retention bonuses aig
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" : American International Group Inc., the insurer that said yesterday it scrapped bonuses for top executives after a U.S. bailout, will still pay 130 ...
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 ...