The Washington Independent

Tuesday, May 29th, 2012

Posts Tagged retention pay

Seventy-Three New Millionaires at AIG, as the Company Fails

By | 03.17.09 | 2:55 pm

More details on those AIG bonuses are coming out, courtesy of New York Attorney General Andrew Cuomo’s pestering of the company for more information, The New York Times reports.

The startling details are outlined in a letter to Rep. Barney Frank (D-Mass.), chairman of the House Committee on Financial More…

AIG ‘Retention Pay’ Rises to $619 Million

By | 01.16.09 | 5:26 pm

You’d think that a corporation that’s got a $150 billion taxpayer-funded lifeline keeping it afloat would take steps to rein in extra pay to executives. But in the case of American International Group, you’d be wrong.

AIG is slated to dole out $619 million in “retention pay” to keep More…