$2.4 Million
Total value of bonuses that have been withheld from dozens of senior managers at American International Group (AIG). The bonuses were due to be paid last month. AIG, which was rocked by scandal earlier this year when federal bailout money was used to pay bonuses to employees in the Financial Products unit, is working with Washington compensation czar Kenneth Feinberg on a number of issues surrounding the payments.
Was this article valuable?
Here are more articles you may enjoy.
Illinois Passes Legislation to Give Insurance Department Oversight of Rate Changes 
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
Temu Fined €200 Million by EU Over Dangerous Toys, Chargers From This Issue
