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Eleven AIG executives quit despite bonus offers

Latest update : 2009-03-18

Eleven executives from troubled US insurance company AIG decided to quit despite being offered massive bonuses to stay. President Obama had lashed out at AIG paying huge bonuses after US taxpayers saved the company from bankruptcy.

AFP - Eleven executives at AIG quit the troubled insurance giant despite being paid bonuses of at least a million dollars each to stay, New York State Attorney General Andrew Cuomo said Tuesday.

"Eleven of the individuals who received 'retention' bonuses of one million dollars or more are no longer working at AIG, including one who received 4.6 million dollars," Cuomo said wrote in a letter to Barney Frank, chairman of the finance committee in the US House of Representatives.
 

Date created : 2009-03-17