Thursday, April 9, 2009

Blog 7

This article is entitled A.I.G Bonuses of $50 Million Will Be Repaid.  This article discussed how the New York State Attorney General was working his way down the list of people who got the highest bonuses from A.I.G.  As of March 23 he had persuaded nine of the top ten bonus receivers to giver back the bonus money, totaling to $50 million out of the $165 million given out in bonus. The Attorney General is hoping to recover $80 million in bonus money, while an additional $85 million had gone to people outside the US and would most likely not be able to be recovered.  By retrieving this bonus money A.I.G. will be able to put it back into the community and help out its customers. Many of the employees receiving the large bonuses are mostly likely already well off and could do without. But there are many people who depend on their retirement money or insurance. This $50-$80 million will allow the company to help out many more people then just 10 employees. 





http://www.nytimes.com/2009/03/24/business/24bonus.html?ref=us

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