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AIG Bonuses By the Numbers

NY AG releases breakdown of bonus figures; plans to press AIG for names

By Rob Quinn, Newser Staff

Posted Mar 18, 2009 8:37 AM CDT

(Newser) – AIG's $165 million in bonuses went 418 different ways, according to one angry attorney general. Other figures released by New York Attorney General Andrew Cuomo, who subpoenaed the firm on Monday:

73 employees received bonuses of $1 million or more
11 of those people no longer work for AIG
7 employees received bonuses of more than $4 million
The top recipient received a $6.4 million bonus

$33.6 million went to paying "retention bonuses" for 52 people who have since left the company
One employee left after receiving a $4.6 million bonus
The contracts stipulate that employees receive bonuses at 100% of 2007 levels regardless of performance

[Images (2)]

[Quotes (1)]

An AIG office building in New York. (AP Photo/Mark Lennihan)

New York State Attorney General Andrew Cuomo answers a question after a press conference about investigations into AIG, October 15, 2008 in New York City. (Getty Images)

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Last week AIG made more than 73 millionaires in the unit which lost so much money that it brought the firm to its knees, forcing a taxpayer bailout. Something is deeply wrong with this outcome. - New York AG Andrew Cuomo

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AIG Bonuses By the Numbers