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.
This article was originally posted on WSJ.com