Yael will be guest-contributing to DealBreaker for the next couple weeks. She’s worked as an editor for Investment Dealers’ Digest and Dow Jones. Welcome her!
Maybe AIG and Blankfein should just team up to do God’s work, because each week brings more proof that the bailed out giant mess of a company works in mysterious ways. AIG is trying to work out a plan to repay only $26 million out of the $45 million in 2009 bonuses it said it would return, by paying 2010 retention bonuses early if employees agree to have them cut by 10% to 15%, according to reports today.
The insurer, which is set to pay $195 million in retention bonuses to the employees of its AIG Financial Products unit in March, believes that cutting bonuses to return bonus money they owe in the first place will somewhat appease the ongoing outrage. (Still yet to be explained is what these employees are actually being paid bonuses for doing. Perhaps it’s some sort of medal of recognition for time served at the country’s most-loathed company?)
Moving early to pay bonuses comes in handy also as on January 27, the House Oversight and Government Reform Committee will hold a hearing about the New York Fed’s role in limiting (erasing?) disclosure about AIG’s payments to counterparties- most specifically Goldman and SocGen.
The all star lineup for the hearing include Geithner who was NY Fed’s president at the time, and former Treasury Secretary Henry Paulson.
AIG Seeks Payment In Bonus Changes [WSJ]
welcome!
We had some risk analysts who went to Yael! I wonder if she is named after the founder?
~Former Lehman Risk Dude
two jewish girls on db at the same time?
anal_yst, remember: every time you touch it a unicorn gets raped
My grandmother used to say that if you played with it you'd go to prison one day.
~B. Madoff
Holy Christ, that first paragraph was rife with grammatical and factual errors. They´re not trying to ¨repay only $26MM out of the $45MM in 2009 bonuses¨ that employees committed to return; they´re trying to *recover* the $26MM from 2009 that employees haven´t yet returned (i.e., only $19MM has been repaid thus far). I won´t even get into your attribution and populist-bullshit errors, e.g., if you don´t know why some are being paid bonuses, you´ve probably never traded anything except for Garbage Pail Kids cards… what_a_fucking_Greg_Micheals-esque_eyesore.
And bitch, you better be a woman, as Yael is a popular name for a Palestinian male. Epic fail all around.
http://tinyurl.com/ItMoved
She's into that whole Yael thing.
Yael, what does your mother look like. I need to know the cat before I will play with the kitten. FYI, I am childish and enjoy playing with cats and kittens.
5=Robert Benmosche
Have to agree with 5. Not an auspicious beginning.
That's the first time I've seen an Umlaut over the name Yael. but welcome anyhow. seems that guys couldn't handle working for Bess.
As I've stated about Greg and Shazbot, Yael gets 1 month after which I reserve the right to pass judgement. Hopefully, she is not so dense as Greg and will actually heed the comments, for her sake…
http://www.businessinsider.com/yael-bizouati
@13 – Me change answer. Me like Yael.
@anal_yst when do you think you'll get to write for DB?
@LMS- or, um, they just SUCKED?
@16 I think both
@15
I have written for DB, currently for The Atlantic though.
@13 I agree, we should give Yael the benefit of the doubt.
Additionally, while this wasn't the best start, I think it's a tad ridiculous how quickly the people on this board pull out the knives with the most marginal of spelling or grammatical errors. I know you edit pitchbooks for a living but honestly you need to calm the f@ck down. Give this girl a few posts before you try to skullf@ck her.
How about drinks at 5 Yael?
@13/14 – the tilted head and loving grin says: "take me home to mother and she'd be proud," the hoop earrings say: "take me to bed, and I'd make you proud!"
boom done!
Welcome Yaël
-mrp
Chairman, Gay Dealbreaker Welcoming Committee
@11 Maybe she was in a Heavy Metal band once.
@MrPink
how did you get the Umlaut?
@24 his keyboard is just more hardcore than yours
@24 – I got it too: Yaël. get on your IT dept. stat!
@24 – Try a Göögle search?
@27
THÄNKS. Ï THÏNK BËSS SHÖÜLD HÄVE ÏNCÜLDËD ÏNSTRCÜTÏÖNS.