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AIG Seeks US Approval for More Bonuses

By John Johnson,  Newser Staff

Posted Jul 9, 2009 9:26 PM CDT
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(Newser) – Two of the least favorite words in the Wall Street lexicon are back in the news: AIG bonuses. The company is requesting the government's permission to dole out millions more to dozens of top executives, the Washington Post reports. Technically, AIG doesn't need the federal approval, but it's still gunshy because of the outrage that arose four months ago over a much larger pot of bonuses.

"Anytime we write a check to anybody," it's under tight scrutiny, an AIG official tells the Post. "We would want to feel comfortable that the government is comfortable with what we are doing." The new bonuses include $2.4 million due to 40 execs, but the total amount is unclear. Because they're delayed from 2008, the bonuses don't fall under the authority of President Obama's new point man on executive pay, Kenneth Feinberg. AIG is negotiating with him anyway.

The AIG logo.
The AIG logo.   (AP Photo/Mark Lennihan, file)
Kenneth R. Feinberg in 2007. He's in charge of executive pay on Wall Street.
Kenneth R. Feinberg in 2007. He's in charge of executive pay on Wall Street.   (AP Photo/Charles Dharapak, File)
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COMMENTS
Showing 3 of 13 comments
kokuaguy
Jul 10, 2009 7:22 AM CDT
Hey, newsies-- I think nasty ole C-k is yukking it up over the predictable over the top reactions to another of his endless annoying absurdisms. Gotta hand it to the king of the trolls- the dude sure knows how to push our buttons. I'm becoming almost as attached to him as I am to our saucy brother, raht thaaang-- I jist caint quit that boy !!!
armywife
Jul 10, 2009 7:12 AM CDT
do you know any other names besides "liberal fascist"? or are you a one-trick pony? cause really, unless you've got some new material, i'm getting bored with your act, CK.
sysco9
Jul 10, 2009 5:50 AM CDT
ehhh they seem like nice guys, i say go ahead and give it to em
Politics • Money • US

 
AIG • bonuses • Wall Street bailout • executive bonuses • Kenneth Feinberg

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