AIG Restructures Bonuses to Extend Bailout

Embattled insurance giant American International Group, the recipient of more than $180 billion in government aid, has agreed to restructure the terms of corporate bonuses after Treasury Secretary Tim Geithner demanded changes, an Obama administration official tells ABC News. The official said Geithner, in a phone call on Wednesday, told AIG CEO Edward Liddy that it was unacceptable for the company to give out tens of millions of dollars in bonuses for senior executives, as they are planning to...Full Story
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