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July 10, 2009

AIG Prepares To Hand Out Millions More In Bonuses
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In business news, the bailed-out insurance giant AIG is preparing to pay
out millions of dollars more in bonuses to several dozen top corporate
executives. The Wall Street Journal reports the previously agreed-to
retention bonuses include about $235 million for employees at the
insurer’s controversial financial products unit. Other news outlets put
the size of the bonuses at just $2.4 million. In an attempt to avoid
public outrage, AIG has been quietly seeking approval to pay out the
bonuses from the new federal compensation czar.



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