AIG should hire me
Timothy Geithner, AIG Bonus payments
By Klaus Rohrich —— Bio and Archives--March 16, 2009
Canadian News, Opinion | Comments | Back To Full Article
Treasury Secretary Timothy Geithner is upset because AIG is unable to stop some $165 million in bonus payments to some of the insurance giant’s employees. When Mr. Geithner approached AIG Chief Executive Officer Edward Liddy about withholding the bonus payments because AIG had received $170 billion is US government aid, Mr. Liddy explained that the company was contractually obligated to make those payments and besides, they were needed to keep the company’s highly specialized staff in the company’s financial products division from seeking employment elsewhere.Welcome to CFP’s Comment Section!
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