Current version:   About the versions MAKE EMII.COM MY HOMEPAGE  
ETF
FX
1 
Current Page:1    

AIG Derivs Team May Quit Over Bonuses

11-30-2009 | Source: emii.com

The derivatives staff at American International Group may leave in March over bonus issues, Bloomberg reports. According to Andrew Goodstadt, a partner at Thompson Wigdor & Gilly, the employees unwinding the insurer’s derivatives may depart in March if they do not get their previously committed $198 million retention bonuses.

AIG had paid out $165 million in retention bonuses to staff at Financial Products, the unit responsible for bringing AIG on the verge of collapse. The rest of the employees are now working to lower the number of derivative trades as AIG sells assets to repay loans included in its $182.3 billion bailout.

Click here for the story from Bloomberg.

1 
Current Page:1    



Print Article      Email Article      Comment on This

    

Search Articles

     Advanced search >>

Free Newsletters

10.253.1.3

Advertising | About Us | Site Map

Terms & Conditions | Privacy Policy

© 2007 emii.com