Search Results

AIG Chairman and Chief Executive Officer Edward Liddy said today he agreed to pay bonuses to employees at its troubled Financial Products unit only because "I am trying to prevent an uncontrolled collapse of that business."

According to the letter, the top recipient received more than $6.4 million; 22 individuals received bonuses of $2 million or more, and combined they received more than $72 million; 73 individuals

Members of Congress reacted to payment of bonuses to employees of American International Group after the firm took U.S. bailout money by disclosing plans to introduce legislation that would claw back the bonuses through punitive taxes.

WASHINGTON--President Obama today ordered Treasury Secretary Tim Geithner to "pursue every legal avenue" to block $165 million in retention bonuses being paid to executives at American International

The Risk and Insurance Management Society issued a statement yesterday calling upon the New York State Attorney General's Office and the New York Insurance Department to issue new regulations to

The Risk and Insurance Management Society issued a statement yesterday calling upon the New York State Attorney General's Office and the New York Insurance Department to issue new regulations to

After announcements that American International Group had adopted voluntary restrictions on executive compensation that eliminate management bonuses this year, a Maryland congressman is demanding

In the letter, Rep. Elijah Cummings, D-Md., accused AIG of "disingenuous sleight of hand" by disavowing the payment of performance bonuses to senior execs in 2008, but then continuing to provide reten