AIG Bonus Babies Viewed from ‘Bottom of the Food Chain’

Yesterday, we learned that the IRS can conceivably tax even those who returned their bonuses to AIG using the tax law principle of constructive receipt.

Today, there comes to light an e-mail sent this past Friday to AIG employees from someone with the screenname of “Bottom of AIG’s Food Chain.” It generally portrays/betrays the angst felt by AIG employees who had to take pay cuts while execs walked away with millions in bonuses (read it by clicking on the title in quotes).

I’m left wondering if this person is still an employee of AIG’s since it appears that s/he was brazen enough to a) include his/her e-mail address and b) send the angst-driven missive to everyone at AIG.

POSTSCRIPT: After posting this in the morning, I sent off a quick e-mail to the author to ask if s/he wrote it while working at AIG and whether s/he has since been laid off. The answer: “I was, I am on my way to be laid off with about 400 others as we speak. I appreciate you linking our letter to your blog. We waited too late to say something.”

NOTE: The details in this blog are provided for informational purposes only. All answers are general in nature and do not constitute legal advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought. The author specifically disclaims any and all liability arising directly or indirectly from the reliance on or use of this blog.
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