Home > business > Some Will Pay Back AIG Bonuses

Some Will Pay Back AIG Bonuses

Some top employees of American International Group Inc.’s disgraced Financial Products group have agreed to return hefty retention bonuses under mounting public outrage over $165 million in payouts to a unit that brought the insurer to its knees.

Among them was Douglas Poling, who received the richest payment of more than $6.4 million, according to a person familiar with the matter. Mr. Poling, the 48-year-old son of a former chief executive of Ford Motor Co., is an executive vice president with responsibility for energy and infrastructure investments. He is one of the roughly 418 current and former employees from AIG’s financial-products unit who received bonus payments. Mr. Poling declined to comment.

Read original article

This article was originally posted on WSJ.com

Advertisements
  1. reese
    March 25, 2009 at 5:15 am

    does anyone know where he grew up at i think i went to school with him

  2. March 19, 2009 at 9:06 pm

    The way I look at it is…..the money paid for AIG bonuses was the American peoples money, not AIG’s, therefore, the decision to give these bonuses without the approval of the American people was not valid.

    1. Arrogant waste of tax payers money.
    2. Inconsiderate of all the American people struggling to survive.
    2. Greedy, as to taking money that was not approved by the people.

    We Americans, suffering from lack of income, paying huge amounts of relief for companies that cannot seem to tighten their belts, going without necessities, health insurance, loosing our homes and our jobs do not find any justification in padding the pockets of the those who can well afford to pay their bills and go on vacations, pay their own health insurance and buy new cars.
    If we the American people are paying for these so called “bail outs”, where is our bonus and dividend for investing in these companies?

  3. Jax
    March 19, 2009 at 10:47 am

    Breaking News: Dodd Says loophole that protects AIG Bonuses added per request of the Obama administration. The video is about a fifth of the way down.


    http://www.butasforme.com/2009/03/17/obamas-stimulus-bill-explicitly-grants-aig-the-legal-right-to-hand-out-bonuses/

    Obama should take full and direct responsibility for this mess.

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: