As more and more Americans continue to lose jobs and many their homes, American International Group (AIG) executives who promised to return their multi-million dollar bonuses are refusing to do so, and this after AIG received some $186 billion in bail out money or rather taxpayer dollars!
Washington Post: When word spread earlier this year that American International Group had paid more than $165 million in retention bonuses at the division that had precipitated the company’s downfall, outrage erupted, with employees getting death threats and President Obama urging that every legal avenue be pursued to block the payments.
New York Attorney General Andrew M. Cuomo threatened to publicize the recipients’ names, prompting executives at AIG Financial Products to hastily agree to return about $45 million in bonuses by the end of the year. But to date, only $19 million dollars have been given back.
