Quote:
Originally Posted by MTI
Sullivan, who ran the firm from 2005 until June of this year, also testified that the company’s bonus plan was amended to exclude unrealized losses, in effect protecting executives from millions of dollars in reversals. When lawmakers criticized Sullivan for urging AIG's directors to waive pay guidelines to win a $5.0 million bonus for 2007 — even as the company lost $5.0 billion in the fourth quarter of that year -- Sullivan countered that he was mainly concerned with helping other senior executives.
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well shoot, that makes it okay then.
Somebody git rope.
B