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.
AIG Prepares to Hand Out Millions More in Bonuses
HeadlineJul 10, 2009