With $170 billion received by AIG as taxpayer bailout money, the company has decided to pay around $ 165 million as bonuses to executives in the same business unit. As the news regarding the bonuses spread last week, Timothy F Geithner who is the Secretary of Treasury stated that the firm’s bonus plans are unacceptable and he wanted a renegotiation. But, the bonuses will be given since it seems that the firm is under contract to pay them.
http://crackingfinance.com/2009/03/aig-recieves-17...
by kaalkaal 252 days ago, published 252 days ago (crackingfinance.com)
by kaalkaal 252 days ago, published 252 days ago (crackingfinance.com)
Comments
And now they want to give $165 million in bonuses!! – http://www.nytimes.com/2009/03/15/business/15AIG.html
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