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Politics
: PR WatchGroundhogs Day on Wall Street
By Mary Bottari
On the day that Punxsutawney Phil emerged to predict a long hard winter, Americans picked up the newspaper to read that AIG, the bankrupt insurance giant, was going to pay out $100 million in bonuses to its failed financial products division. Kenneth Feinberg, President Obama?s pay czar, announced that these were ?grandfathered? retention payments and that the unit had taken a $20 million dollar reduction in bonuses.
Like Bill Murray in the classic film Groundhog Day, we are being forced to live this day over again.
Full post as published by PR Watch on February 05, 2010 (boomark / email).
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