Not surprisingly, the retention plan was finally located and published here. Steven Davidoff, who writes the fantastic “Deal Professor” column at the Times, notes that it was staggeringly generous: the employees of AIGFP had a 30% cut of group profits (compare it with a typical hedge fund’s 20%) with their base comp and overhead absorbed [...]
Archive for March 19th, 2009
The AIG Bonus Issue
Posted in Corruption, Meltdown, Obama on March 19, 2009 | 1 Comment »
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