Tuesday, February 2, 2010

BONUS ROUND OFF

BANZAI7 NEWS--The American International Group has agreed to round off employee bonuses by $20 million and will distribute about $100 million on Wednesday, according to people with knowledge of the negotiations. But the reductions may not be enough to appease the company’s critics, who do not accept the company’s argument that it has to honor contracts from before its government bailout in order to retain top talent.

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