WORLD> America
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AIG gives out more bonuses than previously reported
(Xinhua)
Updated: 2009-03-22 11:47 NEW YORK -- American International Group, Inc., a major American insurance corporation that caused outrage by paying out huge bonuses after receiving emergency money from the US government, may have paid more bonuses that previously reported, local media said.
Documents turned over late Friday show AIG paid 218 million dollars in bonuses last weekend, higher than the 165 million dollars that was previously disclosed, said the office of the attorney general of Connecticut Richard Blumenthal, who had issued a subpoena.
The US Treasury Department is reportedly pushing ahead with new efforts to help banks. The US government is expected to announce details next week of a program to subsidize private investors who buy devalued mortgage-related assets that are at the root of the financial crisis. A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of AIG executives to protest the huge amount of bonuses awarded by the struggling insurance company. About 40 protesters -- outnumbered by reporters and photographers from as far away as Germany -- sought to urge AIG executives who received a portion of the bonuses to do more to help families, the Associated Press reported. |