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AIG is turning out to be one very brazen company with the $152 billion dollars that they have collected from you and myself. It seems now that the company is going to be paying out some $503 million in compensation to their top executives.
After receiving endless grief about spending millions on lavish corporate retreats, executives have decided to take the more direct route and pay out an extra $503 million in corporate compensation to top executives.
In their defense, AIG officials said that the half-billion dollar payout was necessary to keep its top talent (you know, the people who've been doing such a great job with the company) from leaving. They also stress that the payout's won't come from the taxpayer-funded bailout money. It will come from their secret stash of money hidden deep in a fortified bunker.
More on this from The Washington Post
