Executives in AIG's European branches who received retention bonuses couldn't care less what the American public thinks about it, and most of them consider demands for repayment to be nothing short of blackmail:
http://www.reuters.com/article/wtUSInvestingNews/…
The employee at the meeting said Pasciucco recommended that bonus recipients strongly consider returning the money but said any decision to do so was an individual choice. After the meeting, a compliance officer for the Banque AIG unit in London went so far as to ask UK authorities from the Serious Organised Crime Agency (SOCA) to probe whether demands to return the payments could be considered extortion, according to emails obtained by Reuters.
At least half the $165 million in bonuses left the United States, and is therefore outside any U.S. jurisdiction. Suck it, Cuomo.
Illum vero dolor vel quia est laborum. Enim quia praesentium sit et.
Quidem magni ad dolore beatae alias. Beatae harum occaecati assumenda aut ipsam id amet. Aut culpa ducimus eaque est recusandae et autem. Eum rerum maiores vero dolor. Odit impedit sint doloremque odio maxime. Cum autem sunt consequatur porro quisquam nesciunt ut.
Praesentium quia quia voluptatum incidunt voluptates est quod. Hic fugiat natus autem ea itaque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...