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March 24, 2009

AIG Executives to Return $50 Million in Bonuses
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The House vote came just days after it was revealed the failed insurance
giant AIG was paying out more than $165 million in bonuses. On Monday,
New York Attorney General Andrew Cuomo announced AIG employees have
voluntarily agreed to give back more than $50 million in bonuses.
Eighteen of the twenty-five AIG Financial Products employees who
received the biggest retention payments had agreed to return them.
Meanwhile, the Dutch banking and insurance giant ING has asked 1,200
senior employees to give up their 2008 bonuses after the firm received
state aid. The company gave out $410 million in bonuses last year.



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