Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

Dodd says, I was responsible for AIG bonus loophole...

Mar. 18, 2009
Dodd says, I was responsible for AIG bonus loophole...(First headline, 7th story, link)Related stories:FANNIE plans bonuses of up to $611K for 4 execs... Developing...AIG boss asks bonus recipients to return half the cash...*Concerned for safety of employees; doesn't want to disclose...
Related Stories from UPI.com

Geithner, Bernanke to discuss bailout, AIG

WASHINGTON, March 18 (UPI) -- A U.S. House finance committee is calling on two key federal officials to learn more how the money bailing out financial institutions is being used.

Consumer group calls for FBI probe of AIG

SANTA MONICA, Calif., March 18 (UPI) -- A consumer group called on the U.S. Justice Department to form a special FBI unit to investigate the controversial bonuses being paid to executives at AIG.

Reaction to AIG scaring others

WASHINGTON, March 18 (UPI) -- Outrage in Washington over American International Group Inc.'s bonus pay to executives could work for and against economic recovery efforts, sources said.

Obama believes in Geithner, spokesman says

WASHINGTON, March 17 (UPI) -- President Barack Obama has "complete confidence" in Treasury Secretary Tim Geithner, ripped for not blocking an AIG bonus distribution, a spokesman said.
Democrats line up bills to strike at AIG

Democrats line up bills to strike at AIG

WASHINGTON, March 17 (UPI) -- Congressional Democrats lined up Tuesday behind U.S. President Barack Obama's vow to claw back bonus pay given to American International Group Inc. executives.
Summers: AIG exec bonuses 'outrageous'

Summers: AIG exec bonuses 'outrageous'

WASHINGTON, March 15 (UPI) -- Millions of dollars in bonus payments to top executives of bailed-out U.S. insurance giant AIG are "outrageous," an Obama administration official says.
AIG losses record $62 billion in quarter

AIG losses record $62 billion in quarter

WASHINGTON, March 2 (UPI) -- U.S. insurance giant AIG said it lost $61.65 billion in the fourth quarter, a sharp about-face from fourth quarter 2007, when the company gained $5.2 billion.

N.Y. court proceeds with AIG case

NEW YORK, Dec. 5 (UPI) -- A New York judge refused to dismiss breach of fiduciary duty charges against American International Group Inc.'s former chairman, Maurice Greenberg.
AIG says it will curtail executive bonuses

AIG says it will curtail executive bonuses

ALBANY, N.Y., Oct. 22 (UPI) -- New York Attorney General Andrew Cuomo said rescued insurance company American International Group has agreed to freeze an executive bonus fund.
Fed extends $37.8 billion more to AIG

Fed extends $37.8 billion more to AIG

WASHINGTON, Oct. 8 (UPI) -- The U.S. Federal Reserve said it extended American International Group's line of credit by another $37 billion Wednesday.
1 of 25
President Obama awards the Presidential Medal of Freedom in Washington
View Caption
President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch