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AIG Prepares to Hand Out Millions More in Bonuses

HeadlineJul 10, 2009

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.

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