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AIG Continues Multi-Million-Dollar Payouts

HeadlineDec 10, 2008

In bailout news, the taxpayer-rescued insurance giant AIG has admitted it continues to offer multi-million-dollar payouts to senior employees. According to Bloomberg News, AIG has offered payments of up to $4 million in what it calls a “retention” program for top managerial workers. But Democratic Congress member Elijah Cummings says the so-called retention payments could be a way of paying out bonuses. AIG’s taxpayer bill stands at over $152 billion.

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