Home
 
Choose Your City
Change City

AIG paid $218 million, not $165 million in bonuses

Documents show the company paid out $218 million in bonuses, higher than the$165 million previously disclosed.

NEW HAVEN, Conn. — Connecticut’s attorney general says documents turned over to his office by American International Group shows the company paid out $218 million in bonuses, higher than the $165 million previously disclosed.

Attorney General Richard Blumenthal’s office received the AIG documents late Friday after issuing a subpoena.

Blumenthal says the documents show that 73 people received at least $1 million apiece, and five of those got bonuses of more than $4 million.

The financially ailing insurance giant has been under fire for giving bonuses after receiving more than $182.5 billion in federal bailout money.

AIG spokesman Mark Herr declined to comment.

Blumenthal said the newly revealed number will “further fuel the justified anger and revulsion that people feel.”

 
 
Consider AlsoFurther Articles