In addition, according to Cassano's signed retirement agreement obtained by ABC News, he was to be paid $1 million a month by AIG for "consulting services" through the end of last year.
The insurance arm of AIG is believed to be in good shape, but the fallout from AIG's financial products arm is still rippling through the U.S. economy and around the world.
In a 21-page memo marked "strictly confidential" and obtained by ABC News, AIG pleaded for an additional $30 billion in federal aid last month by warning the Treasury Department that the "failure of AIG would cause turmoil in the U.S. economy and global markets and have multiple and potentially catastrophic unforeseen consequences."
Sir Alan Sugar, often referred to as Britain's Donald Trump, told "GMA" that you can't blame London for the AIG problems.
"It may have started here, but it's an American company," Sugar said. "It just happened to be their place where plots were threaded."
Sugar said that British Prime Minister Gordon Brown -- a "good friend of mine," he said -- "secretly blames the American businesses, banks that Europe looks up to."
Sugar described the American fiscal atmosphere before the crisis as "over enthusiasms in business, greed. You maxed out over there, as you say."
"You went mad, financial Disney World, slot machine in Vegas and every time you pulled a lever someone won, and it usually was a bank executive."