AIG

Insurance Company Wants Donations Back To Pay AIG Bonuses

Armen Hareyan — Tue, 02 Jun 2009 08:12:20 -0500

AIG is looking to clawback a $490 million endowment and the $27 million in donations already made to charities to pay employee bonuses instead. The New York Post has the details on this underhanded, disgusting move by a company and board that has long been disgraced.

AIG Funds Delay Wreaks Havoc On Developers

Armen Hareyan — Mon, 30 Mar 2009 11:08:19 -0500

AIG has cut or delayed

Obama Is Playing Both Sides Of AIG

jredz — Wed, 18 Mar 2009 17:59:54 -0500

The federal government stepping in and giving AIG all this bailout money with no preconditions

AIG Slowly Returning Retention Bonuses

Armen Hareyan — Wed, 18 Mar 2009 14:41:11 -0500

AIG CEO tells the congress that he has asked the employees who have received more than $100,000 retention bonuses to do the right thing and return it back. Edward Liddy says that the company heard the American people and some employees have already returned the retention bonuses to return "at least half of those payments." Liddy told the House Subcommittee that "Some have already stepped forward and offered to give up 100 percent of their payments."

Congressman Calls To Fire Geithner Over AIG

Armen Hareyan — Wed, 18 Mar 2009 14:33:18 -0500

In the wake of the growing issues surrounding the AIG bonus scandal and U.S. Treasury Secretary Timothy Geithner’s oft-demonstrated inability to lead and act appropriately, Congressman Connie Mack (FL-14) today called on Secretary Geithner to either resign or be fired from his position.

AIG Paid Obama: Bonus Or Campaign Contribution?

Armen Hareyan — Wed, 18 Mar 2009 08:32:11 -0500

Examiner reports, making a reference to a story in Opensecrets.org, that Senator "Obama Received a $101,332 Bonus from AIG."

AIG CEO Edward Liddy To Testify Before Congress

Armen Hareyan — Wed, 18 Mar 2009 07:43:47 -0500

In a congressional hearing on Wednesday, the CEO of American International Group, the troubled insurance company, will face tough questions from angry members of Congress. The appearance by AIG Chief Executive Edward Liddy comes amid continuing outrage about $165 million in bonuses paid out by the company which received $170 billion in help from the U.S. government:

Cuomo's Letter To Congress On Retention Bonuses

Armen Hareyan — Tue, 17 Mar 2009 14:37:17 -0500

Attorney General Cuomo sends letter to Congressman Frank Regarding retention bonuses Ppaid at AIG.

AIG Retention Bonuses Create 73 New Millionaires

Armen Hareyan — Tue, 17 Mar 2009 14:17:00 -0500

Indeed there is such a thing called retention bonus. AIG just created 73 new millionaires by giving them retention bonuses. Isn't this time someone stand up and take some responsibility at AIG instead of slapping the society in its face?

Grassley Tells AIG Execs: "Quit or Commit Suicide"

Michael Santo — Tue, 17 Mar 2009 09:34:32 -0500

When speaking about the revelation that AIG is going to pay out $165 million in bonuses after taking billions in federal bailout money, Senator Charles Grassley (R-IA) showed yet again why some politicians need to avoid speaking without a pre-written speech in front of them.