AIG Bonus Documents Show 218 Million Paid Out to Execs

Posted on: March 21, 2009 by: Jeff

According to Fox News,

Documents turned over late Friday show AIG paid $218 million in bonuses last weekend, higher than the $165 million that was previously disclosed, said the office of Attorney General Richard Blumenthal, who had issued a subpoena.

I find it hard to believe that a company would first give bonuses to execs that did a poor job, but then lie about the total amount. Trust needs to become a reality for this economy to heal. This just shows that healing is not in the near future. Sadly.


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Filed under: Economy
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