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Wanna know the names of some of the AIG bonus boys? Here you go.

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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 09:52 AM
Original message
Wanna know the names of some of the AIG bonus boys? Here you go.
THIS MAN IS JACKPOT JIMMY
RELATED STORIES
March 18, 2009

Meet James Haas, one of AIG's bigtime bonus babies.

The beleaguered firm has yet to publicly identify the execs rolling in dough courtesy of the taxpayers who saved their jobs, but The Post has learned the names of three, all in the troubled financial-products unit.

They're Haas (above, at his multimillion-dollar home on a hill in Fairfield, Conn., last night), Douglas Poling, also of Fairfield, and Jonathan Liebergall, of New Canaan, Conn.


Haas, 47, an executive VP and the co-leader of North American marketing, said, "I wish I could give you a whole story, but I'm ordered not to. You'll hear from my lawyer."

Poling, 48, the unit's general counsel, as well as a director, executive vice president and chief administrative officer, declared, "This is not the time to be talking."

And Liebergall, 43, a unit director and head of municipal finance, said, "I can't talk - I'm not allowed."

An AIG spokesman said last night, "I honestly don't know who got what."
<snip>
http://www.nypost.com/seven/03182009/news/nationalnews/this_man_is_jackpot_jimmy_160110.htm

How unsurprising that they all three live in Fairfield County, CT.
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JohnnyBoots Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 09:53 AM
Response to Original message
1. We need addresses, torches and pitch forks......
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FormerDittoHead Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:03 AM
Response to Reply #1
12. I'd settle for a campaign to complain/boycott any business that hires them and a tracking website.
Except for McDonald's.

Yes. They're going to get more money at one shot than I will (probably) make for my entire life, only THEY made the BIG mistakes (or worse!)

So I say that unless they refuse the "bonus", that should be the last fucking penny they make in any corporate environment.

To businesses, hiring them should be akin to hiring David Duke.
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cpamomfromtexas Donating Member (453 posts) Send PM | Profile | Ignore Wed Mar-18-09 11:13 AM
Response to Reply #12
30. I like the tracking idea, post it on the web, and have a column for infractions!
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originalpckelly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 09:54 AM
Response to Original message
2. Oh now we know why they give so much money to Senator Dodd!
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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 09:54 AM
Response to Reply #2
3. good point.
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marketcrazy1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 09:59 AM
Response to Reply #3
7. AIG stock is UP 200 percent since last week
Edited on Wed Mar-18-09 10:00 AM by marketcrazy1
I guess the boys on wall street have already been told that AIG WILL NOT be allowed to go bankrupt ( even though they are ) AIG WILL NOT be put into receivership and that AIG WILL CONTINUE to receive UNLIMITED financial backing from the government............ because they are TO BIG TO FAIL!!!
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hedgehog Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 09:57 AM
Response to Reply #2
4. Was it only a year ago that Dodd was running for President?
Imagine where we'd be today if he'd gotten the nod for VP!
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chimpymustgo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:52 AM
Response to Reply #4
27. Um...exactly where we are now. Throwing trillions of dollars at the banks (and the rich execs)!!!
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aquamarina Donating Member (772 posts) Send PM | Profile | Ignore Wed Mar-18-09 09:57 AM
Response to Original message
5. Dear Haas, Poling, Liebergall et al.
We don't need "a whole story" or any story for that matter. What we need is for you to GIVE US OUR MONEY BACK.

And to the jackass who stated "I honestly don't know who got what" - what bleeping accounting school did you go to? How hard is it to check your payroll department?

No wonder we are in the situation we are in, these guys are fraking idiots.
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tosh Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:34 AM
Response to Reply #5
22. Actually....
I, for one, would like to hear this story and I'm thinking more and more that the story may be worth much more to the taxpayer than the "bonuses" these three were paid.
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Last Stand Donating Member (379 posts) Send PM | Profile | Ignore Wed Mar-18-09 11:22 AM
Response to Reply #22
31. I'm with you, tosh. That's the same reason they offered to let Ruth Madoff
keep *her* money if Bernie sang. Bernie said no because the story is far-reaching, just like this one. I suspect there will be many of the same players in these 2 stories. $170m is a drop in the bucket nowadays, and it would be a great investment if it were to expose the institutional, political corruption that it took to allow all this to happen.
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NightWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 09:58 AM
Response to Original message
6. Capitalism is a Cancer and we are approaching the terminal stage. AIG-Palloza is a minor symptom.
Whether or not a few people get a few million has NO BEARING on 99.9999% of us. The SYSTEM is broken and is effectively being manipulated by people (as it always has) to defraud the government out of billions.

But I guess that AIG will be the faux outrage for the week. It is just as futile as watching the daily Dow totals. This is minutia that translates into little soundbytes. "Damn those AIG-people"- why? "I dunno, just because of bonus stuff"- yet still we swirl around the toilet bowl.

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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:01 AM
Response to Reply #6
10. well, I guess I'm a cancer then
and so are most of my friends. I'm a small c capitalist. I believe strongly in small business ownership. I also believe in strong and effective regulation and single payer health care as do all my cancerous friends.
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NightWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:07 AM
Response to Reply #10
14. Nope, you're a Business Owner. Capitalism is the system that puts Profit Uber Alles
Do you work responsibly or do you loot everything possible in order to make a cent?
Do you follow the rules or do you work to find loopholes that allow you to cheat?


Capitalism is clearcutting a forest and then burning the brush.
Responsible business harvets trees, tends the soil, and replants seedlings to be farmed again.
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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:15 AM
Response to Reply #14
16. but your sweeping generalization throws the baby out with the bathwater
since by definition, small business owners are capitalists, no matter whether they're Tom Stearns of High Mowing Organic Seeds or some creep who underpays employees, avails themselves of dubious loopholes, etc.
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Lost in CT Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 09:59 AM
Response to Original message
8. Uh-Oh....
:yoiks:
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Catherine Vincent Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:01 AM
Response to Original message
9. Probably all white men.
And they have the nerve to say everyone is picking on them.
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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:02 AM
Response to Reply #9
11. Almost certainly all white guys.
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question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:04 AM
Response to Original message
13. Didn't Fairfield County lose a lot of money with Madoff? (nt)
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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:16 AM
Response to Reply #13
17. some inhabitants of Fairfield County did
but largely, these people could afford to lose it.
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Lost in CT Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 11:34 AM
Response to Reply #13
32. Oh the city of Fairfield ... yes there was a signifigant loss
Edited on Wed Mar-18-09 11:36 AM by Lost in CT
The county is much bigger and includes Greenwich Stamford Westport and Bridgeport
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global1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:11 AM
Response to Original message
15. What's With This I'm Ordered Not To Talk? - I'm Not Allowed......
by whom where they ordered not to talk? Why are they not allowed to talk? What are they hiding? Why are they hiding this?

We need to compel these people to talk. I want to hear from somebody that got one of these big bonuses. Is it hush money?

If I recall - this same thing came up a couple of weeks ago when some other company doled out bonuses. The people that got them could not talk.

What's going on?
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KharmaTrain Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:17 AM
Response to Reply #15
18. NDA...None Disclosure Agreements
A lot of corporate deals are structured this way...so a person with "privilidged" information can't use it outside the business. Banks have some of the most draconian secrecy laws...rangning from the Swiss and offshore banks that are dark holes of money with few ways to trace money or holdings to contractors who aren't employees but still have access to company assets or information.

Be assured these deals were fine-toothed by an army of contract lawyers who made sure that it would take intense government action to get this information. It's the way business works...and one reason it needs to be massively downscaled and regulated.
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global1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:47 AM
Response to Reply #18
25. Well Here We Are - Intense Government Action......
compel these guys to talk. Why do I have a feeling that there is knowledge out there that could help remedy this situation - but the very people that could help - have been silenced.

Also - I just heard that these retention bonuses are to keep these guys from going to a competitor with their knowledge and working against their former bosses. Seems to me that this can be handled as well. You just freeze job switching by anyone that got a bonus. They can't be employed in the industry - either till this situation is dealt with or never again.

I don't buy this contract crap - that a army of lawyers fine-toothed it and they can't be broken. Who was it - oh - maybe President Obama - talking about - if we can put a man on the moon - we can do anything.

Something very sinister seems to be lying well beneath the surface of this crisis - and it seems to me that there are people out there - maybe politicians - that don't want the truth to come out.

Our country is crumbling down around us and there seems to be a gag order on those that could very well help solve this crisis.
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KharmaTrain Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 11:04 AM
Response to Reply #25
29. It's Using The Loopholes...
Remember, this mess has been decades in the making and these are the "smartest guys in the room". We became a society where steel workers and farmers have declined and lawyers and financial "wizards" became vogue. The concept of the "American Dream" was also the Golden rule and we're talking about people with a lot of gold who were able to manipulate a lot of rules.

It appears that Andrew Cuomo is going after those names as are others who can and will crack the contracts. I'm one who thinks that the money should be withheld...let those who feel they've "earned" these "bonuses" sue for 'em. And withhold any future federal funds until that money is returned. Enough of this crap is enough.

There are many complicit in what's happening here...from both parties...and this has been ongoing for 30 years. It's the "pay-off" for Raygunomics and "trickle down". We get piddled on. We're just beginning to unravel a massive web and cracking a little light on the back room, but with so much lost and so many having been victims, some form of justice and restitution will follow. If it's not on the criminal level, it sure will be on the civil and those revelations could be the most damning.

Cheers...
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:19 AM
Response to Original message
19. Now they are getting close to the scene of the crime...
These guys were paid huge bonuses to keep their mouths shut. They have been caught with their hands in the cookie jar.
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Mr. Ected Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:23 AM
Response to Original message
20. Geez, I Heard Glenn Beck Say This Morning
That the MAJORITY of the bonus babies EARNED their bonuses.

Shrieked it, in fact.

How would he know how many recipients there were...and the bases for their claims...if this information hasn't been made public yet?

Could it be...........GASP............Glenn Beck is LYING to us?
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bullwinkle428 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:31 AM
Response to Original message
21. Political contributions - I've done my homework, so y'all don't have to!
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tosh Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:43 AM
Response to Reply #21
23. Good work...
and Poling is an attorney.
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chimpymustgo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:55 AM
Response to Reply #21
28. Well done. DAMN good investments, I'd say!
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:45 AM
Response to Original message
24. How many folks got bonuses of over $1 million dollars??
I think I read that it was something like 72 people? That's a lot of people with a lot of information. That's a lot of bribes.
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Historic NY Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 10:51 AM
Response to Original message
26. Fairfield Ct. lost their entire 42 million dollar employee pension fund..
Edited on Wed Mar-18-09 10:52 AM by Historic NY
to Madoff. Now these morans.
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