Tuesday, March 17, 2009

When Yes Means No

from today's NY Times:

"Mr. Cuomo did not name the bonus recipients, but the numbers are eye-popping, given A.I.G.’s fragile state. The highest bonus was $6.4 million, and six other employees received more than $4 million, according to Mr. Cuomo. Fifteen other people received bonuses of more than $2 million, and 51 people received bonuses between $1 million and $2 million, Mr. Cuomo said. Eleven of those who received 'retention' bonuses of $1 million or more are no longer working at A.I.G., including one who received $4.6 million, he said."

Why in the hell don't I have the brain power to find a job where retention bonuses are paid in the millions of dollars and you are allowed to not work there to receive said retention bonus.

Doesn't retention bonus imply you are required to work there? I know economists speak a differnt variation of English, but...


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