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AIG employees have agreed to return about $50 million of the $165 million in bonuses. ...more
March 23, 2009
Our Congress had a field day this week grilling the CEO of AIG, Edward Liddy, and making hay about bonuses that the company paid to some of its executives from bailout money. ...more
March 21, 2009
WASHINGTON - Angry lawmakers prepared to levy heavy taxes on employee bonuses at insurance giant American International Group Inc. and at other companies that received big U.S. government bailouts. ...more
March 19, 2009
The chairman of AIG has told Congress he's asked executives to give back their bonuses. The chief executive officer of the failed insurance conglomerate acknowledged Wednesday that the company's multimillion-dollar bonuses were "distasteful" to many and had provoked a firestorm of wrath. "I share that anger," Edward Liddy, chairman and CEO of the American International Group Inc., said in testimony prepared for Congress. ...more
March 18, 2009
El jefe máximo de AIG pide a los beneficiarios de bonificaciones que devuelvan al menos parte del dinero recibido. ...more
March 18, 2009
AIG said Wednesday it is putting its downtown Manhattan headquarters and a nearby office building on the sales block. ...more
March 18, 2009
Lawmakers vowed Tuesday to all but strip AIG executives of their $165 million in bonuses as expressions of outrage swelled in Congress over eye-catching extra income for employees of a firm that has received billions in taxpayer bailout money. ...more
March 18, 2009
Rep. Barney Frank charged Monday that a decision by financially strapped insurance giant AIG to pay millions in executive bonuses amounts to "rewarding incompetence." ...more
March 16, 2009
A handful of top executives from American International Group Inc. spent thousands of dollars during a recent English hunting trip, even as the New York-based insurer asked for an additional $37.8 billion loan from the Federal Reserve. ...more
October 16, 2008
American International Group said Friday it plans to sell a number of business units to pay off its massive government loan. ...more
October 4, 2008
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