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Wednesday, 6 May 2009

AIG reveals extra $454m in bonuses

Embattled US insurer AIG paid some $454m in previously undisclosed performance bonuses to employees for 2008, the company said in answers to questions from a US lawmaker that were released on Tuesday, reports Reuters.
The payments are in addition to a $120m corporate bonus pool for holding company staff and executives at subsidiary companies. AIG was criticised for paying some $165m in retention bonuses after gaining $180bn in US bailout aid.

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