AIG is set to pay bonuses next week that were promised last year, and the insurance giant is asking the government for its blessing.
The Bonuses paid to executives of companies that received bailout money such as Bank of America, Citgroup and AIG caused a firestorm earlier this year.
These latest bonuses are supposed to be contingent on certain targets related to AIG’s restructuring. Does that make it okay? Remember, it’s your tax dollars propping this company up.
Tell us what you think. Should the Obama administration give its blessing to this new round of AIG executive bonuses?