AIG Quietly Seeks Government's OK for Executive Bonuses

By U.S. News Staff

July 10, 2009 RSS Feed Print
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Kenneth Bazinet and Bill Hutchinson
Daily News Staff Writers

Just months after sparking national outrage by paying executives big bonuses, the American International Group is hoping to dole out $2.4 million more to top bosses.

AIG is hoping President Obama's new compensation czar, Kenneth Feinberg, goes along with dishing out more gravy to about 40 corporate officers next week, The Washington Post reported on Thursday.

Bosses are hoping approval by the government will shield the company from public furor.

A Treasury Department spokesman wouldn't reveal Feinberg's view on the bonuses but said, "Companies will need to convince Mr. Feinberg that they have struck the right balance to discourage excessive risk taking and reward performance for their top executives."

More coverage from the New York Daily News.

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Tags:
executive pay,
AIG, Inc.

Reader Comments Read all comments (8)

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don't just blame the greedy executives;after all, if someone walked up to you and said" hey,here's a million bucks(courtesy of the taxpayer,of course),do you want it?"what would you do? i think the real problem here is with our government which is obviously(and has been for generations) in collusion with wall street and big business.in case anyone wasn't paying attention,a large amount of money(165 million dollars!)was stolen from american taxpayers earlier this year and given to some of the employees at AIG.this happened in broad daylight right in front of our eyes,and despite some public blustering from a few members of our illustrious congress,absolutely nothing was done to recover any of this stolen money.i'm not sure how it could be done but i think the only real solution would be to clean house and replace just about every single member of the government.

dsana mcnally of CT 5:19PM August 12, 2009

What is WRONG with these people? What performance??? They are only still in busines because they got a huge handout from the government(and the American taxpayer). Can they possibly be serious and would Kenneth Feinberg even entertain such a notion? If so, then he'd better be prepared to explain his rationale to taxpayers like myself. This is the very defintion of insanity....doing soemthing over & over, expceting a different outcome. Somebody please stop this nonsense & stop rewarding these greedy & incompetent executives.

Peggy of PA 4:32PM July 11, 2009

Everyone wanted Obama's CHANGE.... your getting it (PENNY, NICKELED & DIMED to

DEATH ......Wake Up America-!!!!!!!!!

SUE of TN 5:22PM July 10, 2009

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