Triumph| More...
 

Aig Bonus

AIG Bonuses: Consulting With Obama Administration On Plans To Pay Out Millions Of Dollars

AP | STEPHEN BERNARD | Posted 08.10.2009 | Business

Read More: Kenneth R. Feinberg, Obama Aig Bonuses, Aig Bonus Payments, Aig Paying More Bonuses, Aig Bonuses, Aig, AIG Bonus, Aig New Bonuses, Aig Bonus Payment, Business News

NEW YORK — American International Group Inc. is consulting with the federal government about its plans to pay millions of dollars in retention i...

Read Whole Story

AIG Wants Charity Money Back To Pay Bonuses

New York Post | Posted 07.02.2009 | Business

Read More: Maurice "Hank" Greenberg, AIG Bonus, Aig Bonuses, Hank Greenberg, Aig, American International Group, AIG Charity, Business News

Insurance giant AIG is trying to seize a $490 million charitable endowment -- and claw back $27 million it already awarded to New York charities -- to...

Read Whole Story

AIG Bonuses: What Ever Happened?

New York Times | Steven M. Davidoff | Posted 05.23.2009 | Business

Read More: Aig, American International Group, AIG Bonus, Aig Bonuses, Business News

We are now about a month past the bonus backlash at the American International Group. It was on March 16 that President Obama said he had asked Treasu...

Read Whole Story

Yelling From the Back Step

B. Jeffrey Madoff | Posted 04.30.2009 | Business

Read More: Savings and Loan Industry, Merrill Lynch, AIG Bonus, Fdic, Chrysler, Blackwater, Chocolate, Economy, Enron, Toxic Assets, Aig, Aiu, Economic Recovery, Economic Stimulus, Socialism, Edward Liddy, Altria Group, Business News
B. Jeffrey Madoff

"Toxic assets" are two words that don't belong together in the English language. The meaning of one cancels out the meaning of the other.

Read Post

Bonus Cry Baby

Roger Smith | Posted 04.26.2009 | Business

Read More: Aig Bonuses, New York Times, Bank Bailout, AIG Bonus, Wall Street, Jake Desantis Resignation Letter, AIG Bailout, Jake DeSantis, Jake Desantis Letter, Jake Desantis Aig, Business News
Roger Smith

I went back to Mr. DeSantis' tear-stained letter of resignation, and tried to see if indeed his outrage at the very idea of being asked to give his bonus back possibly justified. I quickly concluded, No way.

Read Post

Fox Anchor Likens AIG Bonus Tax To Sexual Abuse

Think Progress | Posted 04.25.2009 | Politics

Read More: Aig Bonus Contract, Fox Business, AIG Bonus, Aig Bonuses, Dagen Mcdowell, Fox News, Aig Bonus Tax, Fox News Channel, Fox Business Network, Bonus Outrage, Politics News

Today, Fox Business Network anchor Dagen McDowell appeared on Fox News to make the case against the tax on AIG bonuses by comparing it to sexual abuse...

Read Whole Story

AIG's Six Year Saga Of Alleged Fraud

Huffington Post | Julie Satow | Posted 04.24.2009 | Business

Read More: Fraud, AIG Bonus, Corporate America, Corporate-Fraud, Aig Bonuses, Aig, Aig Fraud, Fraud Aig, Corporate Greed, Credit Default Swaps, Aig Bailout New Information, Bonus Outrage, Business News

The recent outcry over $165 million in post-bailout bonus payments has put AIG on the hot seat. But, in fact, the bonus disbursement is perhaps the l...

Read Whole Story

AIG Underbidding Insurance Rivals and Why We Should Be Really Angry

Don McNay | Posted 04.22.2009 | Business

Read More: Insurance, 60 Minutes, Actuaries, Aig, Federal Reserve, Kentucky, Ben Bernanke, Don McNay, Insurance-Industry, Liberty Mutual, Insurance Companies, Wall Street Journal, Wall Street Bailout, AIG Bonus, AIG Scandal, Business News
Don McNay

If AIG loses millions, or billions, in the future due to its "overly aggressive pricing" we are going to be picking up the tab.

Read Post

Obama Envoy Richard Holbrooke Served On AIG's Board

AP | RICHARD LARDNER | Posted 04.19.2009 | Home

Read More: AIG Bailout, Richard Holbrooke Envoy, Aig, Holbrooke AIG, Richard Holbrooke AIG, AIG Bonus, Obama Aig, Richard Holbrooke, Home News

WASHINGTON — Obama administration special envoy Richard Holbooke was on the American International Group Inc. board of directors in early 2008 w...

Read Whole Story

Sam Stein

Dodd: Treasury Officials Insisted On Weakening Bonus Provision

HuffingtonPost.com | Sam Stein | Posted 04.18.2009 | Politics

Read More: Dodd Aig, Treasury Department, Geithner, AIG Bonus, Ed Liddy, Christopher Dodd, AIG Bailout, Chris Dodd, Timothy Geithner, Edward Liddy, Aig Hearing, Bonus Outrage, Politics News

The Treasury Department demanded that Sen. Chris Dodd insert exemptions into the stimulus bill that allowed bailout recipients to receive bonuses, the...

Read Whole Story

Andrew Ross Sorkin Explains

Maciej Ceglowski | Posted 04.18.2009 | Media

Read More: Aaron-Sorkin, AIG Bonus, GM Bailout, Aig Bonuses, Gm, Aaron Sorkin, Aig, GM Employees, Media News
Maciej Ceglowski

Sorkin argues that if we do not pay $165 million in performance bonuses to executives at the failed insurer, we risk chipping at the very foundations of the rule of law.

Read Post

Sam Stein

Flashback: It Was Bush, GOP That Opposed Executive Compensation Caps

HuffingtonPost.com | Sam Stein | Posted 04.18.2009 | Politics

Read More: Tarp Salaries, Executive Compensation, Tarp Bonuses, Bush Administration, Executive Compensation Caps, Bonus Outrage, Mitch McConnell, Eric Cantor, Hank Paulson, AIG Bonus, Bonuses, Politics News

It is a rather curious spectacle to see congressional Republicans express outrage at the exorbitant bonuses being handed out by bailed-out companies a...

Read Whole Story

Who Is AIG's $6.5 Million Man?

The Huffington Post | Matthew Palevsky | Posted 04.18.2009 | Politics

Read More: Edward Liddy, AIG Bonus, AIG Bailout, Aig Bonuses, Andrew Cuomo, Liddy, Bonus Outrage, Politics News

**UPDATE: Mystery Man Revealed** On Wednesday, The Wall Street Journal reported that a number of AIG executives have decided to return their controve...

Read Whole Story

Sam Stein

Wyden: My Bill Could Have Prevented AIG Mess

HuffingtonPost.com | Sam Stein | Posted 04.17.2009 | Politics

Read More: Ron Wyden, Aig Bonuses, Olympia Snowe, Aig Tax, Obama Dropped Ball, Bonus Tax, Wyden Snowe Legislation, Obama White House, AIG Bonus, Snowe Legislation, Obama Bonuses, Wyden Lesiglation, Tarp Recipients, Wyden Aig, Aig Mess, Wyden, Wyden Snowe, AIG Stimulus, Wyden and Snowe, Aig Wyden, Bonus Outrage, Politics News

Additional reporting by Arthur Delaney Senator Ron Wyden said on Tuesday that the furor surrounding AIG's bonus payments could have been avoided had...

Read Whole Story

AIG and the 'Road Not Taken'

Brian Shott | Posted 04.17.2009 | Business

Read More: Melissa Etheridge, Robert Frost, AIG Bonus, M. Scott Peck, Aig, Barack Obama, Road Not Taken, Business News
Brian Shott

What does Robert Frost's famous poem have to do with the insurance giant, anyway?

Read Post

Treasury Will Use $30B Infusion To Compel AIG To Repay Bonuses

Wall Street Journal | JONATHAN WEISMAN and CHAD BRAY | Posted 04.16.2009 | Business

Read More: Aig, AIG Bonus, $30B Infusion, AIG Bailout, Aig Bonuses, $30 Billion Infusion, Repay Bonuses, Business News

President Barack Obama, trying to contain a political firestorm, instructed Treasury Secretary Timothy Geithner "pursue every legal avenue" to block $...

Read Whole Story