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Kitchen Worker Received AIG 'Retention Bonus'

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PAY CZAR GRIST
"AIG’s “retention bonuses” went to hundreds of employees in the insurer’s troubled financial products unit, including a kitchen assistant who received $7,700 in March," the Financial Times reported. "News that support staff shared $168m-plus worth of retention awards could undermine AIG’s insistence the bonuses were needed to persuade key employees to stay on and unwind the derivatives trades that almost brought down the insurer last year." Huh. Imagine that.
SOURCE:   Financial Times

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