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?
UPDATE: AIG
did not buy into the brain drain hypothesis as late as 2003.
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