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WASHINGTON — American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars.
AIG is paying out the executive bonuses to meet a Sunday deadline, but the troubled insurance giant has agreed to administration requests to restrain future payments.
Originally posted by solidshot
whilst the rest of us spend the next several decades paying of the tab that our governments have run up.
The Treasury Department determined that the government did not have the legal authority to block the current payments by the company.
Originally posted by jtma508
First, as has been mentioned, AIG has employment contracts with these people and is obligated to pay the bonuses (contractually). Clearly, these bonuses are not tied to any kind of company performance.