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Politics : The Obama - Clinton Disaster

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To: GROUND ZERO™ who wrote (9750)3/23/2009 10:47:37 AM
From: DuckTapeSunroof  Read Replies (1) of 103300
 
AIG paid over $218 million in bonus payments

Mon Mar 23, 2009 3:21am EDT
reuters.com

CHICAGO (Reuters) - Documents turned over to the Connecticut attorney general show that American International Group Inc paid out over $218 million in bonuses, more than the previously disclosed $165 million, published reports said on Saturday.

The reports said the documents were turned over to Attorney General Richard Blumenthal's office late on Friday in response to a subpoena.

The documents show that bonuses of at least $1 million were paid to 73 people, and five received more than $4 million.

The giant insurance company has been widely criticized for granting bonuses after receiving federal bailout funds exceeding $180 billion.

(Reporting by Jim Marshall, editing by Alan Elsner)
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