I just saw this article about former AIG head Hank Greenberg's interview on the CBS Morning Show. From the interview:
Former AIG chief executive officer Hank Greenberg said the company under his leadership never had the kind of retention bonus system that has subjected it to withering criticism.I said in my previous post that those retention, guaranteed bonuses would not have happened under Greenberg.
"When I was there, nobody had a contract with the company, including me," Greenberg said in a nationally broadcast interview Friday. "If you didn't do the job, you didn't deserve to be there. We had a bonus plan based on performance."