Now that there is quite a public outrage at the 'Bonuses'
~Bonuses that had
to be paid~
AIG is spinning & twisting their way in an attempt to dilute the public rage
by making known:
"NEW HAVEN, Connecticut - Connecticut's attorney general says documents turned over to his office by American International Group Inc. shows
the company paid out $218 million in bonuses, higher than the $165 million previously disclosed."
~ bigger bonuses, see: www.msnbc.com...
, the acknowledgement that more bonus money was
disbursed seems counter-productive
to the plight of AIG....
that's not the case - the devil or at least the deceptive nature of
AIG...is in the details, i will try to lay it out & you decide...
The original disclosure that AIG cut bonus checks in the ammount of
millions (depending on the source)...
One should note that those bonuses
were for the executives
and brokers within the certain "securities development department".Alone!
This is the exact department, which is still functioning as the creator of the
toxic Swaps & derivative products which is causing much of the present Crisis !
What AIG is busy trying to decieve us with now, is that they are admitting
to another $50+ millions in bonuses....
but here's the reason for telling us this...
this other bonus money includes many of the average joes that type up & build spreadsheets for the rest of the corporations acdtivities...
i'd be very, very surprised if any of this other (suddenly revealed) Bonus money ammounted to more than a couple thousand $$
to over 10,000 lower positioned finance technicians throughout the vast company enterprise.
Go ahead an crunch the numbers.... 90-100 execs in the 'special products division' splitting up to $165million in the original bonus ammount
((over $1.65 million each exec.))
versus the 400+ employees splitting the remaining $50+million 'as claimed'
The money isn't the real reason for this deflection/distraction...
result that AIG wants is for the public rage to subside because 400 or so, average payroll employees also shared in bonuses
making AIG appear less blatently focused on bending-the-rules-&-ethics for the top executives only.
==> think of this as an OP-ED , mostly OPinion
[edit on 22-3-2009 by St Udio]