Top AIG execs agree to return bonus
NEW YORK — Fifteen of the top 20 bonus recipients at American International Group Inc. have agreed to return their money following a firestorm of criticism and some arm-twisting from New York’s attorney general.
In total, AIG employees have agreed to return about $50 million of the $165 million in bonuses awarded earlier this month by the troubled insurer, New York Attorney General Andrew Cuomo’s office said Monday.
Cuomo said he still hopes that more AIG employees will return their bonuses. Cuomo said 9 of the 10 people receiving the largest awards have agreed to return their bonus. Cuomo said some others have refused to return the money, while others are still considering it.
