If AIG were not helped by the bailout and filed bankruptcy would these bonuses still need to be paid?
avgjoe asked:
Contractually paid.
They are using this as their argument that they have to be paid.
Contractually paid.
They are using this as their argument that they have to be paid.
Just wondering if they were to be in bankruptcy protection would they still need to be paid.
In essence though the company would be in bankrupt without these bailout monies so shouldn’t they be obligated to follow the same set of rules
June 1st, 2009 at 3:20 pm
Bankruptcy protects the company from most contractual obligations. The bailout doesn’t.