Saturday, March 21, 2009

AIG financial unit received $218 million in bonuses: report

Way to go AIG. Pour some more fuel on the fire.-Lou

AIG financial unit received $218 million in bonuses: report

SAN FRANCISCO (MarketWatch) -- American International Group Inc. paid out $218 million in bonuses to employees of its troubled financial-products unit, millions more than previously thought, the Associated Press reported Saturday, citing documents obtained by the office of Connecticut Attorney General Richard Blumenthal. AIG previously disclosed it had paid out $165 million in bonuses to the financial-products unit, with 73 employees receiving bonuses of $1 million or more. Blumenthal had issued a subpoena for the documents, which his office received late Friday, according to the AP.

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