In what is apparently an effort to avoid another public outcry,
American International Group
is being asked to hold off paying certain mid-year bonuses.
AIG was scheduled to pay out $2.4 million in bonuses to 43 top executive on July 15, but George Madison, a Treasury official nominee said these bonuses were not paid, according to several reports.
Earlier in the month, AIG
to pay out these bonuses, which the company had already promised.
The Treasury Department did not approve these bonuses, according to
The Wall Street Journal
In March, there was a public uproar when it was discovered that AIG paid $165 million in retention bonuses to employees.
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.