AIG Plans Millions More in Bonuses

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12 Jul 2009

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12 Jul 2009 09:43:53 AM

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American International Group's recent discussions with President Obama's compensation czar have centered on whether the company should pay about $250 million in promised bonuses that come due during the next nine months.

AIG has asked the government to rule on several categories of bonuses, said a person familiar with the discussions. These include millions of dollars in payments owed to top corporate executives in coming days, and the troubled insurer has been seeking senior Treasury official Kenneth R. Feinberg's consent in an effort to provide the company with political cover.

Complete article here:

www.washingtonpost.com/wp-dyn/content/article/2009/07/11/AR2009071100419.html