I heard something to this effect the other day, basically someone saying
that the employees in that division might be the only ones who know where
the bodies are buried (metaphorically speaking), and if the company wants to
be able to undo all the crap that these idiots put into place, they
unfortunately have to pay them enough to stick around for a couple of more
years.

All well and good, but I would just as soon spin off the other divisions and
bury the idiots in this division under their own mistakes.

On Thu, Mar 19, 2009 at 7:07 PM, Gruss  wrote:

>
> > GG wrote:
> >
> http://andrewsullivan.theatlantic.com/the_daily_dish/2009/03/why-the-letters.html
>
> So AIG struck a deal with these employees. It guaranteed them, for
> 2008 and 2009, the same level of incentive-based compensation that
> they received in 2007 ... regardless of how the division actually
> performed.
>
> AIG evidently felt it needed them in order to minimize its losses and
> unwind its positions.
>


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