My understanding of bonuses through my lifetime of work has been that if you performed well and the company made money then the company would hand out bonuses to those individuals which caused the company to make money. In the case of AIG they would have been basically bankrupt if it wasn't for the infusion of government cheese they got. How can anyone in that company expect to or get a bonus? Is the bar set for bonuses being able to fog a mirror? make it to work each day? Whatever the bar was, it was set way to low if these executives got bonuses for bankrupting a company. They claim they were retention bonuses to keep the employees from jumping ship, I say let them jump ship, who's gonna hire them? Maybe they get some new blood in these companies that could turn them around.
I've also heard the bonuses were part of a contractual agreement and if that is the case it is not a bonus it is a salary and should have been stated as such.
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