AHM executives to get $9 million in b...

AHM executives to get $9 million in bonuses

There are 29 comments on the Newsday story from Nov 30, 2007, titled AHM executives to get $9 million in bonuses. In it, Newsday reports that:

American Home Mortgage Investment Corp. can pay $9 million in bonuses to executives of the failed company, a bankruptcy judge has ruled.

Join the discussion below, or Read more at Newsday.

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Missy

Brooklyn, NY

#21 Dec 1, 2007
Voice your opinion at the courts instead of here...they cannot hear you!
j glennon

Valley Stream, NY

#22 Dec 2, 2007
AHM said the bonuses were necessary to keep executives motivated as the lending operation shuts down in bankruptcy.
If this is what motivation pays my employer is screwed
j glennon

Valley Stream, NY

#23 Dec 2, 2007
AHM said the bonuses were necessary to keep executives motivated as the lending operation shuts down in bankruptcy.
only in corporate america. The judges aren,t in their pockets
Telmark

United States

#24 Dec 2, 2007
Corporate America, once again, pays themselves for the mistakes they make.
That Sux

Palatine, IL

#25 Dec 2, 2007
I did not know failures that bring a company down were worth that much, does this include the money they embezzled and can they now be sued for all the money that was stolen from their employees. Also, what happened to the health insurance premium that was taken out of everybodys checks for August since our insurance was never paid in August??
Santa Claus

Riverhead, NY

#26 Dec 4, 2007
FORMER AHM OF 520---if you were currently on the "skeleton" team, I am sure you would not be posting comments on "wasted money"
Ready Set Sue

Port Washington, NY

#27 Dec 4, 2007
Now that they're flush, it's time to tee up the civil suits. Bring it on!
Susie

United States

#29 Dec 5, 2007
Missy wrote:
Voice your opinion at the courts instead of here...they cannot hear you!
Missy,
this was tried already. A couple of borrowers petitioned the court to ask for an investigation into the company and Sonchi turned it down.
AHM's attornys get what ever they ask for.
You may want to read some of the depositions with executives - they commit a lot of perjury.
One stated that he didn't know what a YSP was.
Another admitted that they keep the money they have deliquent borrowrs put into a suspense fund. The investors never see it.
These executives are slick. It is obvious that are not accountable to anyone about anything. They do what they want and stomp on good people along the way.

And I am starting to wonder about Sonchi also. Even a trustee came out and petitioned for an investigation behind the borrowrs. He still said NO.
Former AHM Employee

United States

#30 Dec 17, 2007
God always says what goes around comes around. I cannot belive that the executives will have a good feeling about taking money and the vaction pay from the people that made the money for them. It makes be sad that a Company such as AHM bought Waterfield Mortgage, who in my eyes were one of the best, honest mortgage companies around, to take them and they most of their former employees into the ground and cause them even more hardship than they had when Waterfield closed. I will leave it in God's hands and he will take care of the rest.

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