Aig Bonuses

Capitalism's Achilles Heel: The Cassano Loophole

Cenk Uygur | Posted 05.25.2011

Read More: AIG Financial Products, Joseph Cassano, Bankruptcy, Bailout, Aig Bonuses, Aig, Alan Greenspan, Bonuses, Capitalism, Wall Street Bonuses, Business News
Cenk Uygur

Jospeh Cassano was the head of AIG's Financial Products Unit. They are the ones that made about a trillion dollars worth of bets in credit default swaps. They lost. Except because of the Cassano loophole, they won.

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Robert Benmosche, AIG CEO: We're On The Way To Paying Back The Taxpayers

bloomberg.com | Jamie McGee | Posted 05.25.2011

Read More: AIG Bailout, Aig, American International Group, AIG CEO, Aig Bonuses, Robert Benmosche, Business News

April 2 (Bloomberg) -- American International Group Inc. Chief Executive Officer Robert Benmosche said the insurer is becoming less reliant on U.S. ai...

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AIG Bonuses: Insurer To Withold $21 Million

Bloomberg | Hugh Son | Posted 05.25.2011

Read More: AIG Bailout, Aig Pay, $AIG, Pay Czar, American International Group, AIG Rentention Payments, Aig Bonuses, Business News

March 12 (Bloomberg) -- American International Group Inc.'s effort to reach its commitment of $45 million in bonus concessions are focusing on former ...

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AIG and the End of Trust

Bob Dowling | Posted 05.25.2011

Read More: Tea Party Movement, Obama Aig Bonuses, Aig, Government Trust, Tea Party, Aig Bonuses, Business News
Bob Dowling

I'd date the end of trust from March 14. That's because every key player in Washington involved with the bailouts knew the AIG bonuses were coming down the pike but none dared tell the public.

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AIG Bonuses: Employees Were Furious At Politicians,

washingtonpost.com | Brady Dennis | Posted 05.25.2011

Read More: AIG Bailout, AIG Financial Products Division, Aig, American International Group, Aig Bonuses, Business News

...but behind closed doors, employees at AIG's Financial Products division -- the very unit whose trading had hastened the insurance giant's collapse ...

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AIG Execs May Get Pay Raise (VIDEO)

Posted 05.25.2011

Read More: Bailout, Aig Bonuses, Economy, AIG Bailout, Financial Crisis, Aig, Aig Pay, Pay Czar, Executive Compensation, Kenneth Feinberg, Recession, Video, Business News

AIG may have lost $8.87 billion last quarter -- and may be in need of another federal cash infusion -- but some of the company's top executives are se...

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AIG Bailout Revenue Death Spiral Ends as Rescue Brings Stable Revenue (Update1)

bloomberg.com | Hugh Son | Posted 05.25.2011

Read More: Aig Bonuses, Aig, Financial Crisis, Ben Bernanke, American International Group, Robert Benmosche, Business News

Feb. 22 (Bloomberg) -- American International Group Inc., the troubled financial firm that threatened to bring down the U.S. economy, is showing stabl...

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AIG Bonuses: Geithner Says Bank Fee Could Recover 'Outrageous' Payments

Posted 05.25.2011

Read More: Timothy Geithner Treasury Secretary, Bank Fees, Bonus Outrage, Aig Bonuses, Obama Bank Fee, Aig, Obama Budget, Timothy Geithner, American International Group, Pay Czar, Outrageous Aig Bonuses, Kenneth Feinberg, Barack Obama, Business News

After AIG announced its plans to pay $100 million in expedited bonuses this year, Treasury Secretary Tim Geithner criticized the payouts as "outrageo...

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AIG Bonuses: Pay Czar Calls AIG Bonuses 'Outrageous' But Legal

AP | STEVENSON JACOBS | Posted 05.25.2011

Read More: Kenneth Feinberg, Pay Czar, Aig, American International Group, Aig Bonuses, Obama Aig Bonuses, Business News

NEW YORK — Bonus payments totaling $100 million to AIG employees from the same unit that prompted a massive taxpayer bailout are "outrageous" bu...

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AIG Bonuses In 2010 Total $100 Million

AP | Posted 05.25.2011

Read More: AIG Bailout, Kenneth Feinberg, Aig Bonuses, New York Fed, Backdoor Bailout, Banks, Aig, Aig 2010 Bonus, Pay Czar, Bonuses, Wall Street, Ken Feinberg, Aig 2009 Bonus, Robert Benmosche, Business News

NEW YORK — American International Group Inc. is set to pay out about $100 million in a fresh round of bonuses to employees of its financial prod...

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New! From Wallstreet... Predatory.com

Michael McCarthy | Posted 05.25.2011

Read More: Wall Street Bailout, Bailout, Wall Street, Barack Obama, Aig Bonuses, Politics News
Michael McCarthy

...

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AIG Bonus Cuts

wsj.com | SERENA NG | Posted 05.25.2011

Read More: Bailout, Aig Bonuses, AIG Bailout, Obama Administration, Aig, American International Group, Pay Czar, Kenneth Feinberg, Business News

Most employees currently at the financial-products unit of American International Group Inc. have indicated they will accept cuts in a batch of March ...

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The Volcker Rule & AIG: Hedge Funds, Prop Desks Are Not The Problem

Institutional Risk Analytics | Posted 05.25.2011

Read More: Enron, Aig, Worldcom, Paul Volcker Barack Obama, Paul Volcker, Hedge Funds, Aig Bonuses, Business News

There are certain basic things that the investor must realize today. In the first place, he must recognize the weakness of his individual position... ...

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Marcus Baram

AIG Still Hasm Paid Back Bonuses Which Sparked Outrage

HuffingtonPost.com | Marcus Baram | Posted 05.25.2011

Read More: AIG Bonus, Wall Street Protest, AIG Repayments, Aig Bonuses, AIG Feinberg, Aig, AIG Compensation, Business News

This is a story about what happens when populist outrage flares white-hot and then quickly fades away. Last spring, thousands of angry protesters s...

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Executive Pay Cuts? Hold the Standing Ovation

Stuart Whatley | Posted 05.25.2011

Read More: Tarp, Wall Street Bailout, TARP Money, Aig Bonuses, Financial Reform, Bank of America, Aig, Barack Obama, Goldman Sachs, Bailout, Health Care Reform, Financial Crisis, Wall Street Bonuses, Kenneth Feinberg, Financial Regulation, Citigroup, Stuart Whatley, Business News
Stuart Whatley

Yes, a quick round of applause for Feinberg for cutting our financial wards' CEO pay. But hold off on the standing ovation; the Obama era does not need a "Mission Accomplished" moment.

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AIG's Misguided TARP-Funded Bonuses

Rep. Edolphus Towns | Posted 05.25.2011

Read More: Tarp, Aig, Banking Crisis, Financial Crisis, Bailout, Wall Street, Wall Street Bonuses, Aig Bonuses, Business News
Rep. Edolphus Towns

The American people have been eager to understand how the government failed to prevent bonus payments from going out the door -- payments that were paid out with their taxpayer dollars.

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AIG Bonuses: Firm Paid $7,700 Rentention Bonuses To Kitchen Assistant

Posted 05.25.2011

Read More: Tarp, AIG Bailout, Aig, Kenneth Feinberg, Aig Bonuses, Robert Benmosche, Business News

AIG paid retention bonuses totaling more than $168 million to a wide array of employees in its financial products unit, including an assistant in a ki...

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AIG and the Season of Greed

Eric C. Anderson | Posted 05.25.2011

Read More: Corporate Greed, Goldman Sachs Bonuses, Executive Compensation, Citigroup Bailout, Aig Bonuses, Business News
Eric C. Anderson

I'm expressing my shareholder outrage at the behavior of AIG's top executives, who now want raises. President Obama's compensation czar needs to take a ruler to these executives' knuckles.

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Obama's Pay Cuts Let Big Boys off the Hook

Les Leopold | Posted 05.25.2011

Read More: JP Morgan Chase, Andrew J. Hall, Goldman Sachs, Wall Street Crisis, Aig Bonuses, Economic Crisis, Financial Crisis, Barack Obama, Business News
Les Leopold

Unfortunately, the administration doesn't have the moxie to go after the most outrageous salaries and bonuses that are about to flow.

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Best and Worst Bonuses of 2009

Dan Collins | Posted 05.25.2011

Read More: Christmas Bonus, Wall Street Bailout, Year-End Bonuses, Wall Street Pay, Wall Street Bonuses, Aig Bonuses, New York News
Dan Collins

The median holiday bonus this year will only amount to about $250. Here's a list of some of the best-publicized bonuses that were given out in 2009.

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AIG Executives Kept Bonuses They Promised To Return, Feinberg Says

Bloomberg.com | Hugh Son | Posted 05.25.2011

Read More: AIG Financial Products, Executive Pay, Bailoug, Aig Bonuses, Economic Crisis, AIG Bailout, Aig, Financial Crisis, AIG's Financial Products Unit, Pay Czar, Bonuses, Executive Compensation, Kenneth Feinberg, Business News

Four of five managers in AIG's Financial Products unit that are under the jurisdiction of pay master Kenneth Feinberg didn't make good on pledges to r...

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AIG Executives Threaten To Quit Over Cuts Issued By Pay Czar

Posted 05.25.2011

Read More: AIG Bailout, Aig, American International Group, Bailout, Kenneth Feinberg, Aig Bonuses, Robert Benmosche, Business News

Five top AIG execs are threatening to resign if their pay is slashed significantly by Obama's pay czar, the Wall Street Journal reports today. The ...

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Goldman Sachs Skirts Slashes in Compensation

Allison Kilkenny | Posted 05.25.2011

Read More: Goldman Sachs, Wall Street Bailout, Bailout, Goldman Sachs Bonuses, Aig Bonuses, Goldman Sachs Bailout, Aig, Henry Paulson, Kenneth Lewis, Goldman Sachs TARP, Goldman Sachs Profits, Executive Compensation, Kenneth Feinberg, Barack Obama, Politics News
Allison Kilkenny

The Times shows its agenda when it refers to the not-yet-existing AIG bonuses slashes as "the humbling downfall of the once-proud giants" while all those pesky citizens won't stop with the "populist animosity."

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Regulating Systemic Risk and Banker Compensation Will Not Fix What Is Broken on Wall Street

David Paul | Posted 05.25.2011

Read More: Goldman Sachs, Wall Street Crisis, Phibro, Lehman Brothers, Aig Bonuses, Andrew Hall, Salomon Brothers, Bear Stearns, Systemic Risk, Wall Street Bonuses, Citigroup, Gutfreund, Aig, Credit Default Swaps, Business News
David Paul

The incentives to make big bets and take big risks has survived, but without the accountability. Today, the US Treasury and the Fed are trying to hold the pieces together. But why?

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The Beatles, Obama and Real Change...

Stephen Gyllenhaal | Posted 05.25.2011

Read More: Aig Bonuses, Iran, Federal Reserve, Beatles, Iraq, Obama, Wall Street, Afganistan, Politics News
Stephen Gyllenhaal

For real change to hit us, it would have had to come like the Beatles first songs hit us. It would have had to have been brash and maybe a bit humorous, but with a working class toughness.

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