AIG bonuses raise the ire of state and federal officials

Mon, 03/16/2009 - 13:06
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AIG’s decision to award massive bonuses may result in a subpoena: New York’s Attorney General says the insurance giant’s CEO must make public the names of those getting bonuses, or risk a subpoena for the information. AIG has received $170 billion in bailout funds, and the company’s decision to award bonuses has also garnered President Obama’s attention. He’s urging Treasury Secretary Tim Geithner to block the move.

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