AIG Execs Return Bonuses

Big news on the AIG bonus front: Nine of the top 10 bonus recipients at AIG have given the money back. New York Attorney General Andrew Cuomo made the announcement late this afternoon, adding that 15 of the top 20 recipients in the ill-starred financial products division have returned their bonuses, for a total of $30 million. “Those bonuses will be returned in full,” he said. Interestingly, 47 percent of the $165 million in bonuses was given to Americans, and Cuomo said he expects to get that money back. Some tricky bonus recipients are refusing to give their “retention payments” back, however—especially those who are overseas, outside the jurisdiction of New York State.