Paid Handsomely to Stay

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Published in the New York Times March 25, 2009 by Eric Dash and Jonathan D. Glater

Before the furor over pay at A.I.G., most Americans probably had never heard of a retention bonus. But like C.D.O. and credit-default swap, the term, a bit of sugar-coated corporate-speak, is quickly entering the popular lexicon.  Retention bonuses, it turns out, are not uncommon in corporate America — or indeed among companies that have been bailed out by taxpayer dollars.

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