Friday, January 22, 2010


BANZAI7 NEWS--A large proportion of American International Group's (AIG) $195 million retention payouts will be given to people who no longer work at the company, it has been claimed.

The payout is set to be passed out in March to people working in AIG's financial products department – the unit responsible for its huge losses from credit derivatives that led to the company having to seek bailout funding from the government.

A company insider told Reuters that about 40 per cent of those in line to receive the latest round of retention payouts are ex-employees.

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