Hm, that I DIDN'T know, that makes a whole lot more sense.Jesda wrote:These are insurance salespeople who contribute tremendously to AIG's bottom line, which is something taxpayers should favor. They are not finance managers.
I figured it was the senior management of the insurance business unit, not salespeople. You definitely have to reward salespeople, and what a good business insurance guy can sell in a year makes his share of $442k look like chump change.
I retract my earlier statement. Bad timing yes, but this is just normal sales compensation/incentives and is necessary to running the business well.
