Wednesday, February 3, 2010

Pay czar: AIG bonuses are 'outrageous' but legal

http://finance.yahoo.com/news/Pay-czar-AIG-bonuses-are-apf-2452378554.html?x=0&sec=topStories&pos=3&asset=&ccode=

Yeah yeah, here we go again. Blood suckers got to eat to right?

Executives in AIG's financial products division are getting $100 million richer, and the White House pay czar calls the bonuses "outrageous."

However, Kenneth Feinberg said the payments are contractual obligations entered into years ago.