Saturday, March 21, 2009

Connecticut seeks answers on AIG bonus documents

Connecticut seeks answers on AIG bonus documents:

"The attorney general of Connecticut said Saturday that he is asking American International Group Inc. why documents appear to show the company paid $53 million more in bonuses to its financial products division than previously reported.

Documents turned over late Friday show AIG paid $218 million in bonuses last weekend, higher than the $165 million that was previously disclosed, said the office of Attorney General Richard Blumenthal, who had issued a subpoena.

Bonuses were 'showered like confetti' on AIG employees, Blumenthal said."

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