The Spirit Of Giving

Do you suppose the Villagers will all put their wise heads together, denounce AIG's management and insist that Congress put strict controls on how the
By Susie Madrak — December 10, 2008

Do you suppose the Villagers will all put their wise heads together, denounce AIG's management and insist that Congress put strict controls on how they spend the bailout money?

Nah, me neither.

Dec. 9 (Bloomberg) -- American International Group Inc., the insurer whose bonuses and perks are under fire from U.S. lawmakers, offered cash awards to another 38 executives in a retention program with payments of as much as $4 million. The incentives range from $92,500 to $4 million for employees earning salaries between $160,000 and $1 million, Chief Executive Officer Edward Liddy said in a letter dated Dec. 5 to Representative Elijah Cummings. The New York-based insurer had previously disclosed that 130 managers would get the awards and that one executive would get $3 million.

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