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03-17-2009, 08:00 AM

#12

RIJIMMY

sick of bluefish

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Join Date: Aug 2003

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Posts: 8,672

Quote:

Originally Posted by spence

Yea, the IT staff has a contractually binding bonus agreement

Good one.

From what I hear these were the folks managing the credit default swaps at the center of this mess.

-spence

"from what I hear" is from a media too stupid to ask the right questions.
I'm not sure what contreactually binding means in this scenario, but I bet there are divisions of AIG that are profitable and I bet IT and Admin people have an offer letter that stipulates a bonus payout. That could be a legal mess.

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