A.I.G. Planning $165 Million in Bonuses After Huge Bailout

New York Times by Edmund L. Andrews, Peter Baker | Mar. 15, 2009 (News Report)

The American International Group, which has received more than $170 billion in taxpayer bailout money from the Treasury and Federal Reserve, plans to pay about $165 million in bonuses by Sunday to 400 executives in the same business unit that brought the company to the brink of collapse last year.Word of the bonuses last week stirred such deep consternation inside the Obama administration that Treasury Secretary Timothy F. Geithner told the firm they were ... Full Story »

Posted by Leo Romero

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Subjects: Business
Topics: Corporate Governance
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Posted by: Posted by Leo Romero - Mar 14, 2009 - 9:42 PM PDT
Reviewed by: Leo Romero (review), Fabrice Florin (review)
Content Type: Article
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Edited by: Leo Romero - Mar 14, 2009 - 9:42 PM PDT
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3.9
 by Fabrice Florin - Mar. 15, 2009

Informative report on AIG's plan to pay bonuses to its executives, a story initially broken by the Washington Post. This article provides timely and useful factual evidence about AIG's executive compensation program, though some of that information comes from anonymous sources and stakeholders in the story, without any independent confirmations. Nonetheless, this breaking news piece seems well-reported, and provides helpful context about this important topic.

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3.0
 by Leo Romero - Mar. 14, 2009
Leo posted this story.
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  • Conservative talk radio on the wane in California

    Los Angeles Times by Michael Finnegan | Mar. 15, 2009 (News Report)
    Tune in to conservative talk radio in California, and the insults quickly fly. Capturing the angry mood of listeners the other day, a popular host in Los Angeles called ...
    Posted by Leo Romero
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