At least they didn't exclusively shower money on the top of the top, but still. How is it remotely possible to justify these bonuses when you are on life support? The answer, of course, is because the US government allowed them to get away with it. They can plead ignorance all they like and yes, they were ignorant, but it's hard to believe people who should have known didn't know this would happen. You'd have to be a complete fool to believe that story. CNBC:
About 400 employees at AIG Financial Products shared more than $168 million between December 2008 and March 2009, after AIG received bailout money from the government, the newspaper reported.
That included a cash retention bonus of $7,700 for a kitchen assistant, $700 for a “file administrator,” according to the FT. Senior executives took home bonuses of up to $4 million.
