AIG Executive Bonuses

  • Despite receiving over $170 billion in federal loans in 2008 to save the company from bankruptcy, American International Group paid out over $165 million in "retention bonuses" to executives in March 2009. According to New York attorney general Andrew Cuomo, AIG paid $1 million or more to 73 individuals, eleven of which no longer work for the company. This has sparked public outrage and on March 19, 2009, the U.S. House of Representatives voted to approve a 90 percent tax on AIG employee bonuses and bonuses from companies that accepted $5 billion or more in taxpayer bailout funds.New York Times: House Passes Tax on Executive... (March 19, 2009)

    New York Attorney General Andrew Cuomo, has announced that nine of the top 10 bonus getters at the embattled financial giant will be returning their bonuses in full. Cuomo stated that the returns will total approximately $30 million, he seeks to recoup $80 million.CBSNews.com: Top AIG Bonus Receivers Returning The Cash (March 23, 2009)

  • AIG Bonus Recipients

    • Douglas Poling

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