AIG bonuses larger than thought
22-03-2009
The attorney-general of the US state of Connecticut says documents turned over to his office by American International Group show the company paid out US$218 million in bonuses, higher than the US$165 million previously disclosed. Attorney-General Richard Blumenthal's office received the documents late on Friday after issuing a subpoena. Mr Blumenthal says the documents show that 73 people received at least US$1 million apiece, and five of those got bonuses of more than US$4 million. The financially ailing insurance giant has been under fire for giving bonuses after receiving more than US$182 billion in federal bailout money. AIG spokesman Mark Herr declined to comment. MR Blumenthal said the newly revealed number will ``further fuel the justified anger and revulsion that people feel.''
