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AIG To Pay Up To $4 Million in Bonuses
I was under the impression that AIG was told specifically not to pay executive bonuses.

But not to worry. Government is in charge...
Four million is chump change ...
American International Group Inc., the insurer whose bonuses and perks are under fire from U.S. lawmakers, offered cash awards to another 38 executives in a retention program with payments of as much as $4 million.

The incentives range from $92,500 to $4 million for employees earning salaries between $160,000 and $1 million, Chief Executive Officer Edward Liddy said in a letter dated Dec. 5 to Representative Elijah Cummings. The New York-based insurer had previously disclosed that 130 managers would get the awards and that one executive would get $3 million.
Posted by: badanov 2008-12-09
http://www.rantburg.com/poparticle.php?ID=256875