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The AIG bonus payments controversy began in March 2009, when it was publicly disclosed that the American International Group (AIG) insurance corporation was going to pay approximately $218 million (~$301 million in 2023) [1] in bonus payments to employees of its financial services division.
In fact, American International Group (AGC) - one of the largest and most respected insurance companies in the world was also in trouble when the rating agencies suddenly lowered its credit rating. With this, AIG approached the government for a bailout.
In fact, American International Group (AGC) - one of the largest and most respected insurance companies in the world was also in trouble when the rating agencies suddenly lowered its credit rating. With this, AIG approached the government for a bailout.
Dec 14, 2022 · AIG is trying to limit bonus payments to former executives by placing into bankruptcy the unit that triggered one of the biggest bailouts of the 2008 financial crisis. The US insurer said on ...
This case study examines American International Group (AIG) and the bonus fiasco that occurred after it received a government bailout during the 2008 financial crisis. It discusses how AIG was impacted by the crisis due to losses from credit default swaps.
What was unethical about AIG was that the company would hand out multi-million dollar a bonus to it’s over 450 employees operating in its six offices around the world.
Mar 15, 2009 · Obama administration officials and Republicans alike offered nearly universal condemnation of the $165 million in bonuses that A.I.G. is planning to dole out to top executives.
