I guess Obamas teleprompter doesn’t read the newspaper
AIG wooing Asia executives with 100% retention bonus
26 Nov 2008, 1217 hrs IST, Mahima Puri & Chaitali Chakravarty, ET Bureau
NEW DELHI: American International Group (AIG), which recently received a $150-billion bailout package from the US government, is offering retention
bonuses to a few senior executives in Asia, including key officials in India, said a person with knowledge of its plan. AIG has offered to pay such executives an extra year’s salary if they stay on with the company till November 2009.
Payments to these executives are likely to be made in 2010. “A few senior executives have been shortlisted across AIG’s offices in Asia for the payout, which includes senior executives in Hong Kong, Philippines, Singapore and India,” the person said.
A spokesman for AIG in India was non-committal on the issue. “Our employees are very important in our businesses. We do not comment on specific employee details,” he said.
If they where in India and other countries, it makes me wonder if this 90% punitive taxation will even touch them.