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I really respect his decision to donate all the bonus payment to charity. I really think that the a lot of employees at AIG are ethical, and did not have much t
by chris11 18y ago
I really respect his decision to donate all the bonus payment to charity. I really think that the a lot of employees at AIG are ethical, and did not have much to do with the collapse.
I was very surprised to learn that some of the senior management is only taking a salary of one dollar. Bonuses are probably warranted in this case.
I am not quite sure why Mr. Libby thought he could definitely honor those bonuses though, especially since AIG had said it wouldn't pay performance bonuses to senior executives in 2008. He promised the employees three times in October that their bonuses would be honored. The bailout of AIG was starting to turn into a witch hunt by then.