AIG gives out more bonuses than previously reported
Published: 21/03/2009 05:00
| American International Group, Inc., a major American insurance corporation that caused outrage by paying out huge bonuses after receiving emergency money from the U.S. government, may have paid more bonuses that previously reported, local media said.
Documents turned over late Friday show AIG paid 218 million dollars in bonuses last weekend, higher than the 165 million dollars that was previously disclosed, said the office of the attorney general of Connecticut Richard Blumenthal, who had issued a subpoena. In March 2009, AIG announced they were paying out 165 million dollars in executive bonuses. Total bonuses for the financial unit could reach 450 million dollars and bonuses for the entire company could reach 1.2 billion dollars. AIG has become a target of criticism in the media, from Congress, President Obama, and the public outcry following its allocation of the bonuses to its executives. AIG CEOs were grilled in both Congress chambers about the bonuses. The U.S. Treasury Department is reportedly pushing ahead with new efforts to help banks. The U.S. government is expected to announce details next week of a program to subsidize private investors who buy devalued mortgage-related assets that are at the root of the financial crisis. A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of AIG executives to protest the huge amount of bonuses awarded by the struggling insurance company. About 40 protesters — outnumbered by reporters and photographers from as far away as Germany — sought to urge AIG executives who received a portion of the bonuses to do more to help families, the Associated Press reported. VietNamNet/Xinhuanet |
Provide by Vietnam Travel
AIG gives out more bonuses than previously reported - International - News | vietnam travel company
You can see more
- ASEAN Community Exhibition hold in Danang
- Vietnam and U.S. travel societies to jointly launch tourism products
- Hung Kings’ death anniversaries commemorated in Berlin
- Tourism cooperation potential between Vietnam and Indonesia
- OPEC, non-OPEC to look at extending oil-output cut by six months
- Events welcome Italian friendship
- 70,000 sea tourists travel to Vietnam
- PM wants stronger oil and gas cooperation with Russia
enews & updates
Sign up to receive breaking news as well as receive other site updates!
- Banh Đa Cua - a traditional Hai Phong specialty
- Exploring Lai Chau cuisine
- Hanoi ranked top 3 cuisine in the world in 2023
- Beautiful resorts for a weekend escape close to Hanoi
- Travel trends in 2023
- In the spring, Moc Chau is covered in plum blossoms.
- The Most Wonderful Destinations In Sapa
- Top 3 Special festivals in Vietnam during Tet holiday - 2023
- 5 tourist hotspots expected to see a spike in visitors during Lunar New Year 2023
- How To Make Kitchen Cleaned
-
vietnam travel
http://www.vietnamtourism.org.vn " Vietnam Tourism: Vietnam Travel Guide, Culture, Travel, Entertainment, Guide, News, and...
-
Vietnam culture, culture travel
http://travel.org.vn " Vietnam culture
-
Vietnam travel, vietnam travel news, vietnam in photos
http://www.nccorp.vn " Vietnam travel, vietnam travel news, vietnam in photos
-
Vietnam tourism
http://www.vietnamtourism.org.vn " The official online information on culture, travel, entertainment, and including facts, maps,...
-
Vietnam Travel and Tourism
http://www.vietnamtourism.org.vn/ " Vietnam Travel, Entertainment, People, Agents, Company, Vietnam Tourism information.
-
Information travel online
http://www.travellive.org "Information travel online
