AIG Bonuses of $2.4 Million on Hold - TheStreet

In what is apparently an effort to avoid another public outcry,

American International Group

(AIG) - Get Report

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

sought approval from the federal government

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.

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