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December 10, 2008

AIG Continues Multi-Million-Dollar Payouts
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In bailout news, the taxpayer-rescued insurance giant AIG has admitted
it continues to offer multi-million-dollar payouts to senior employees.
According to Bloomberg News, AIG has offered payments of up to $4
million in what it calls a “retention” program for top managerial
workers. But Democratic Congress member Elijah Cummings says the
so-called retention payments could be a way of paying out bonuses. AIG’s
taxpayer bill stands at over $152 billion.



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