More questionable AIG bonus payments


Let's think back a month or two ago, when all the outrage surfaced over the bonuses paid out by American International Group (AIG). Don't remember? Let me refresh your memory: the company paid out roughly $165 million in retention bonuses even as it received $180 billion in government aid.

Well, let's get ready for round two of bonus outrage from AIG. The company announced yesterday that it paid out a bit more in previously undisclosed performance bonuses to employees for 2008. Well, a "bit more" may be a bit of an understatement. AIG paid out $454 million in bonuses in operating units in roughly 120 countries.