AIG bonuses higher than previously believed

Documents turned over to the office of Connecticut¿s attorney general by American International Group (AIG) show the company …

Documents turned over to the office of Connecticut¿s attorney general by American International Group (AIG) show 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 yesterday after issuing a subpoena.

Mr Blumenthal said the documents show that 73 people received at least $1 million dollars each, 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.

AIG spokesman Mark Herr declined to comment today.

Mr Blumenthal said the newly revealed number will ¿further fuel the justified anger and revulsion that people feel¿.

AP

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