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To: nyconse
-- The guy’s department was put into another unit...it had nothing to do with performance...it’s on this thread somewhere. --

Perhaps where I linked the article.

According to AIG's Motion for Summary Judgement, Feilbogen's suit was based on his claim of receiving an ORAL promise of $1.3 million bonus for 2003, made by a John Finigan. There is no written contract covering this payout, or at least Feilbogen didn't produce one, and none of AIG's HR departments has a record of a written promise to pay.

Finigan denied making a promise of a guaranteed payout.

129 posted on 03/25/2009 10:12:56 AM PDT by Cboldt
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To: Cboldt

Very interesting, I found the filing and looked at the details...this person was promised a bonus...there were signed spread sheets and memo’s etc...AIG broke their word and tried to get out of the contract-verbal and otherwise after they strung the employee along...the employee had an opportunity to go elsewhere for a substantial amount of money...so I still say they are hypocrites. Oral contracts are enforceable and legally binding...so I guess AIG gets to decide what is enforce and what is not...although they settled and did not ask for summery judgment. I do not agree with enriching AIG execs or others at bailed out banks with taxpayer money.


132 posted on 03/25/2009 10:37:16 AM PDT by nyconse (When you buy something, make an investment in your country. Buy American or bye bye America)
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