Follow Newser on Twitter   Friend Newser on Facebook
Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook

Pay Czar Going After AIG Bonuses—Again

But legal hurdles loom for pre-bailout deals

By Kevin Spak,  Newser Staff

Posted Oct 14, 2009 8:59 AM CDT

(Newser) – Pay czar Kenneth Feinberg is making another run at AIG’s bonus payouts—or trying to, with the help of a little arm twisting. Feinberg doesn’t have authority over the$198 million in bonuses promised to employees at the infamous trading unit because the contracts...   Read full story »

COMMENTS
You need to Log in to Newser to comment. Don't have an account yet? Sign up now!
2 comments
A snapshot of the day's best news stories.
 

More Newser Stories

Pay Czar Cuts Bonuses, But Boosts Salaries

Wall Street Bonuses Ripe for Tea Party Rage

Annoyed by Feds, AIG CEO Threatens to Quit

AIG Chief: Pay Czar's Authority 'Limited'

50% Pay Cuts for Bailout Execs Due Today


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   Geek Sugar   |   Business Insider   |   HuffPost Entertainment