Many top AIG execs agree to return bonuses

Fifteen of AIG?s top bonus recipients have agreed to give the controversial cash back amid the backlash surrounding the payouts. Dozens of executives, including AIG?s CEO, are expected to comply with

News 12 Staff

Mar 24, 2009, 1:09 PM

Updated 5,756 days ago

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Fifteen of AIG?s top bonus recipients have agreed to give the controversial cash back amid the backlash surrounding the payouts. Dozens of executives, including AIG?s CEO, are expected to comply with a legislative subpoena demanding that they appear at the state Capitol on Thursday. Legislators expect them to answer questions about the approximately $165 million in bonuses paid to employees of AIG's financial products unit, based in Wilton, despite the company?s need for a government bailout. "The public has a right to know how these compensation systems work here in Connecticut, in a company that brought the American economy to its knees,? said Connecticut Attorney General Richard Blumenthal.The name, AIG, has been removed from the downtown Manhattan offices. A spokesman said the company decided to replace the large AIG sign as part of its plan to change that operation?s name to AIU Holdings Limited. Rumors swirl about fate of AIG in Wilton