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American International Group is preparing to pay next week millions of dollars more in bonuses to dozens of corporate executives, a source familiar with the development said.
AIG [AIG 9.48 --- UNCH (0) ] has been talking with Washington's newly-appointed compensation czar Kenneth Feinberg about the bonuses, which are due to be paid on July 15, said the source.
In total, U.S. taxpayer aid of up to $180 billion has been extended to the insurer that once claimed global dominance. The payments AIG is set to make next week were previously disclosed.