You thought $165 M was bad for AIG bonuses, try the real number $218 M
Submitted by sentinel on Sat, 03/21/2009 - 11:11breaking news
updated 10:55 a.m. ET March 21, 2009
NEW HAVEN, Connecticut - Connecticut's attorney general says documents turned over to his office by American International Group Inc. shows the company paid out $218 million in bonuses, higher than the $165 million previously disclosed.
Attorney General Richard Blumenthal's office received the documents late Friday after issuing a subpoena.
Blumenthal says the documents show that 73 people received at least $1 million apiece, and five of those got bonuses of more than $4 million. The financially ailing insurance giant has been under fire for giving bonuses after receiving more than $182.5 billion in federal bailout money.
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