AIG to Pay Millions To Top WorkersSubmitted by cyndezu on Fri, 11/14/2008 - 10:56
American International Group plans to pay out $503 million in deferred compensation to some of its top employees, saying it must tap the funds to keep valuable workers from exiting the troubled insurance giant.
News of the payments to top AIG talent comes as the federal government has just put more money into saving the company from bankruptcy, beefing up the total public commitment to $152 billion. Meanwhile, members of Congress are questioning the company's expenditures -- including lavish business trips to resorts -- during a time when taxpayers are on the hook for the bailout.
Continued here: http://www.washingtonpost.com/wp-dyn/content/article/2008/11...