The former Chief Executive of AIG, Hank Greenberg demanded, their was no place of any retention bonus system under his leadership. Although he admitted the presence of Performance bonus which basically linked with performance. The former CEO was on the news again as AIG declared a huge bonus as retention bonus to his executives during the time of such economic status in USA.
He said, on an interview of broadcasted nationally through CBC, "When i was their, nobody had a contract with the company, including me. If you do not do the job, you don not deserve to be there. We had a bonus plan based on performance."
The interview was broadcasted nationally just one day after The House passed the bill to impose additional 90% tax on executives of companies getting assistance from US government.
Greenberg also mentioned that he did not think the present CEO, Liddy, is enough qualified to run the company. He also mentioned that he feel the need of replacement of the current CEO.
It need to have attention that Greenberg also filed a sue against AIG for some facts of not presenting right facts to him which AIG mentioned not good in merit.
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