UPDATE: AIG did not buy into the brain drain hypothesis as late as 2003.
Tuesday, March 17, 2009
You know that executive logic that says they need to pay high bonuses to attract and retain while staving off brain drain? It's practically an urban myth. One of those who left did so with a $4.6 million bonus in his pocket. So, should we just shut-up and expect future bonuses to raise to a $10 million level?