Monday, March 16, 2009

AIG pays $450 million in bonuses after bailout

Ailing insurance giant AIG is planning to give out $450 million in bonuses this week to executives who led the firm to a $99.3 billion dollar loss in 2008. Although AIG has agreed to cut back on multi-million-dollar bonuses for its highest ranking officers, the firm's lower-ranked employees are still set for a massive pay day.

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