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AIG retention bonus recipients no longer there



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What fool approved this idea? The news from AIG never gets better.

A substantial number of AIG's Financial Products employees set to get some $195 million in retention payments no longer work with the bailed out insurer, sources familiar with the matter said on Wednesday.

This will be the latest round of retention payments to the staff of the American International Group unit that was behind the insurer's spectacular losses from credit derivatives and downfall in September 2008.


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