A.I.G. Will Pay $100 Million In Bonuses Today


A new round of A.I.G. bonuses will be paid out later today and because the number is so large, $100 million, expect to hear lots of complaining. But, believe it or not, the $100 million actually represents less than the A.I.G. employees were supposed to make. In order to receive their bonuses early, those getting paid today agreed to a 10 to 20 percent cut from what A.I.G. initially promised them. Just in case this doesn’t piss Bonus Buster Andrew Cuomo off enough, A.I.G. will hand out more bonuses next month. [Washington Post]