He got a 1.3 million payout in 2002, pursuant to written records, spreadsheets, etc. But there was NO corollary written record of a promise for 2003, and he was pushed out -- in a huff it appears -- months before the 2003 payout was made.
-- Oral contracts are enforceable and legally binding... --
Both sides have a case in this one, otherwise it wouldn't be in court. It seems the written contracts are in conflict with the oral one. In particular, Feilbogen signed that he had read AIG's employment manual, and that he understood the only payment promises that were legally binding were those that had been reduced to writing. Then he sued for enforcement of a disputed oral agreement that hadn't been reduced to writing.
Another "mistake" was telling his boss he had a better offer elsewhere, in order to leverage a doubling of the discretionary guaranteed payout. They took him up on it.
-- I do not agree with enriching AIG execs or others at bailed out banks with taxpayer money. --
Well then, advocate they all work for nothing. That's essentially what you advocate for DeSantis.
According to what I read, they told him he was an important member of the team...and promised him the bonus...who knows? What I would like to know is why is Countrywide being screwed by AIG while they send money to foreign banks...AIG is close to being a criminal enterprise if you ask me...I would like to know about their offshore accounts as well.