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A.I.G. Planning Huge Bonuses After $170 Billion Bailout
Keywords:
Tags: Banks / Insurance,
AIG's, Fanie and Freddie's bonus plans in 2008, at the time of the government bailout in the 2008 global financial crisis
03/15/2009
Grouped Articles
A.I.G. Planning Huge Bonuses After $170 Billion Bailout
New York Times 03/15/2009
Fannie, Freddie Bonuses Total About $210 Million
Wall Street Journal 04/04/2009
Hank Greenberg Still in the Ring at 90, Battling A.I.G. Charges
New York Times 04/30/2015
In A.I.G. Case, Surprise Ruling That Could End All Bailouts
New York Times 06/15/2015
$52 billion of government money to go through AIG to banks and in turn to hedge funds for betting against the housing market.
01/19/2009
The Financial Products Group's 370 person staff at AIG earns bonueses of $400 million for AIG insurance sold at "fractions of a penny for every dollar covered, less than $10 million for $1 billion of insurance" (WSJ). It costs the government $52 billion to take care of this and $165 million in bonus check go out for retention incentives with binding contracts to these staffthe same week. Thats the kind of financial innovation that has exacerbated the turmoil and created acrisis of condfidence for financial markets in the USA by March 2009.
Grouped Articles
BusinessWeek 04/01/2010
Hedge Funders Are All a Little Nuts
Wall Street Journal 08/27/2013
In New Books, a Look at People and Places That Innovate
New York Times 09/04/2010
Hank Greenberg Still in the Ring at 90, Battling A.I.G. Charges
New York Times 04/30/2015
Wall Street Journal 06/16/2015
In A.I.G. Case, Surprise Ruling That Could End All Bailouts
New York Times 06/15/2015
Bonuses and executive compensation in the U.S.- 2010-2013
02/04/2009
Grouped Articles
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
Wall Street Journal 10/31/2013
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
A.I.G. Planning Huge Bonuses After $170 Billion Bailout
New York Times 03/15/2009
The U.K.'s New Bonus Claw Back Rules
Wall Street Journal 06/24/2015
U.S. Seeks to Defer Portion of Bonuses
Wall Street Journal 02/05/2011
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