Wednesday, March 18, 2009

Austrian Josef Frizl to Receive AIG Retention Bonus

Notorious Austrian Josef Frizl who kept his daughter in a cellar and fathered her seven children there, has been identified as one of the 73 people to receive an AIG multi-million dollar retention bonus.

As a result of the subpoena issued by the office of New York Attorney General Andrew M. Cuomo, it was revealed that AIG plans to pay Mr. Frizl 3.5 Million dollars to retain his services in the group's troubled credit default swaps unit. Edward M. Liddy, AIG's CEO defended the payout saying,
"We can't afford to lose our best and brightest, and he was very amiable, always showing his clients pictures of his family to gain their trust."


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