The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
December 24, 2009

AIG Executives Refuse to Return Bonuses
---------------------------------------



In other business news, the Washington Post reports many top executives
at the bailed-out insurance giant AIG have reneged on promises to pay
back part of their large bonuses. Earlier this year, outrage erupted
when AIG paid more than $165 million in bonuses to employees in the
division that had precipitated the company’s downfall. After legal
threats, AIG executives agreed to return about $45 million in bonuses by
the end of the year. But so far a majority of that money remains unpaid.
Only about $19 million has been given back. Meanwhile, AIG is scheduled
to pay out an additional $198 million in bonuses in March.



.