AIG Gives Bonus Payouts to Customers

The U.S. banking group AIG is preparing to pay millions of dollars in bonus payouts to its traders, according to information published Friday 10 July, the site of the Washington Post.

After being the target of virulent attacks on pay at the beginning of the year, the former number one global insurance pressured the Obama Administration for permission to pay these premiums, hoping to avoid another public outrage.

The Washington Post points out that these are not on bonuses paid in 2008, the insurer would not need the green light by Kenneth Feinberg, appointed by the president Barack Obama to oversee the salaries and bonuses of company bosses have benefited 'exceptional aid of the State. Mr. Feinberg, who has been named, was indeed able to pay on the hundred largest salary of each of these businesses, present and future, without retroactive. It therefore appears that the AIG executives, after receiving a rescue plan of 180 billion dollars, seeking to avoid a scandal by obtaining the guarantee of the State.

AIG ANNOUNCEMENT OF PREMIUMS

The Treasury Department, officials stress they are under no obligation to render an opinion on these salaries and they could keep them, forcing AIG to assume sole responsibility for this announcement.

The payments, scheduled next week, include some forty senior officers of the company must receive $ 2.4 million in total, according documents filed with the administration in early 2009. Sums which, although potentially revised since then, still well below the $ 165 million of premiums which announced in mid-March had caused a major stir.

The U.S. daily quoted a recent report by the agent of the insurer which justified the granting significant risk "to undermine the ability of [AIG] to reimburse the aid paid by the taxpayers" if managers were initially encouraged by low wages. The issue is highly political, and endangers both companies that the Obama administration, if one remembers the anger of the parliamentary and public opinion in March. AIG Gives Bonus Payouts to Customers.