Giving Back Bonuses

Aig Executive Bonuses More than a dozen AIG employees are giving back their bonuses in full.

by Associated Press

Published: Mon, March 23, 2009 - 9:42 pm CST Last Updated: Mon, March 23, 2009 - 9:45 pm CST

New York Attorney General Andrew Cuomo says 15
employees who received some of the largest bonuses from American
International Group have agreed to return the money in full.
The commitments amount to more than $30 million of the $165
million in bonuses awarded earlier this month by the troubled
insurer.
Cuomo says he still hopes that more AIG employees will return
their bonuses. He expects his office will be able to recoup roughly
$80 million of the money the insurer paid out.
Last week, AIG's CEO, Edward Liddy, told Congress that some of
the employees were going to give the money back. AIG has come under
heavy criticism because the bonuses were given to employees after
the company received $170 billion in government bailout money.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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framkly Says:

Tue, Mar 24, 2009 at 1:26 am

the AIG employees did a great job and earned their bonuses. They legally scammed the government out of 170 billion. If anyone should give back money, it’s the 535 in Washington known as Congress. They voted and sign the bailout without reading it. Also, all of them that accepted money from AIG should resign from office.