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Politics : American Presidential Politics and foreign affairs

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To: Peter Dierks who wrote (34260)3/21/2009 1:41:25 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Official: AIG paid $53M more in bonuses than thought

usatoday.com

NEW HAVEN, Conn. (AP) — Connecticut's attorney general says documents turned over to his office by American International Group Inc. shows the company paid out $218 million in bonuses, higher than the $165 million previously disclosed.

Attorney General Richard Blumenthal's office received the documents late Friday after issuing a subpoena.

Blumenthal says the documents show that 73 people received at least $1 million apiece, and five of those got bonuses of more than $4 million. The financially ailing insurance giant has been under fire for giving bonuses after receiving more than $182.5 billion in federal bailout money.

AIG spokesman Mark Herr declined to comment Saturday.

Blumenthal said the newly revealed number will "further fuel the justified anger and revulsion that people feel."
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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