Latest Breaking News On - Products unit - Page 1 : comparemela.com

this is a situation, tamron, in december 2007, aig signed contracts with people who worked at its financial products unit, promising them these bonuses to be paid out in march of 2008 and march 2009. so this $100 million that s being paid out is part of the bonus pool put aside for march of 2000 or for all of 2009, again, to be paid out in march of this year. you know, there are a couple of little things for you to think about. the original payout was expected to be $236 million. so it s less than half than what was originally expected to be paid out to these people. it also comes on the back of $265 million in payouts issued last year to employees at the products unit and in addition to the taxpayer bailout. to throw fuel to the fire. it was the unit responsible for the near collapse of aig. but again, these were retention

December 2007100 millionMarch 2009March of 200800 millionBonus poolMarch of 2000236 million36 millionTaxpayer bailoutRetention bonusesProducts unit265 million65 million