Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace

The nest is full

Oct 11, 2019

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
This Is Uncomfortable
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Fallout: The Financial Crisis

AIG to pay top managers more bonuses

Dan Grech Jul 10, 2009
Share Now on:
HTML EMBED:
COPY

TEXT OF STORY

Stacey Vanek-Smith: AIG is making news again this morning. The insurance giant — which is now owned by us — wants to pay out more performance bonuses. Dan Grech has more.


Dan Grech: About 40 senior managers at AIG are due performance bonuses next week. The payout: $2.4 million.

These bonuses were actually awarded last year, but their payment was delayed. In the spring, AIG set off a firestorm of protest when it handed out $165 million in bonuses. This time, AIG is reluctant to pay out without political cover.

According to several reports, AIG has asked for the blessing of the Obama administration’s new compensation czar, Kenneth Feinberg. Feinberg oversees executive pay in seven bailed-out firms. But he doesn’t have any say on these bonuses since they were promised in the past.

AIG may be on its own as it weighs stiffing its executives or enraging taxpayers again.

I’m Dan Grech for Marketplace.

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.

Check Your Balance ™️
Check Your Balance ™️
Personal finance from Marketplace. Where the economy, your personal life and money meet.

Thank you to all the donors who made our fall drive a success!

It’s Investors like you that keep Marketplace going strong!