CEO Edward Liddy appeared before a House committee on March 18 to discuss AIG bonuses.
Some of the AIG executives under fire for taking fat bonuses have agreed to return the money. The insurance giant, which has received $ 180 billion in bailout funds, was obligated to pay out $ 165 million in bonuses as part of employees’ contract prompting outrage from the public and in Congress. In all, more than $ 50 million in bonus money has been returned.
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