AIG Bonuses: Over $100 Million Paid Out Today

AIG bonuses will be paid out to execs, to the tune of $100 million. This from a financial organization which took $183 billion in bailout money. These are actually smaller bonuses than executives had accepted upon hiring, but are delivered earlier than originally agreed. The same employees got $168 million in bonuses last March.

Most AIG employees accepted a 10% reduction in bonuses (which are legally binding upon agreement) in exchange for early payment.

Well, not really, considering that less than half of the bonus money promised to be paid back to the federal government has actually been delivered, and if you've borrowed $184,000,000,000 from the government, your company is probably doing what it does very badly.