Some AIG Employees Return Bonus Money

March 24. 2009

Due to White House and congressional pressure, some AIG employees have agreed to return the excessive, undeserved bonuses they were given out of taxpayer money. Others are holding out, with a chokehold on that money, like Chris Brown on Rihanna's neck.

A bonus should be for a job well done, not failure and a government handout to keep one’s company afloat. Show some consideration.

The public took a big step in bailing out AIG, because they have so many branches on the tree that is the U.S. economy and this is the thanks taxpayers get. They should apologize for their conduct.

In other AIG news, some of their executives have resigned in the fallout from Bonusgate.

AIG says "handful" of execs depart controversial unit

Mon Mar 23, 2009 8:54pm EDT - NEW YORK (Reuters) - A handful of senior executives working within American International Group Inc's controversial financial products unit have resigned, said a company spokeswoman late on Monday…

On Monday, New York Attorney General Andrew Cuomo said that 15 of the top 20 AIG bonus recipients had returned the awards in full, calculating the value of the awards at about $50 million. He added that he expected as much as half, or about $80 million of total bonuses paid to American employees, to be recovered.

http://www.reuters.com

Protesters visit AIG officials' lavish Conn. homes

Mar 22, 7:29 AM (ET) - FAIRFIELD, Conn. (AP) - A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of American International Group executives to protest the tens of millions of dollars in bonuses awarded by the struggling insurance company after it received a massive federal bailout.

http://apnews.myway.com