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Attorney General: AIG paid $218M in bonuses

(Agencies)
Updated: 2009-03-21 22:29

NEW HAVEN, Conn. -- Connecticut's attorney general says documents turned over to his office by American International Group Inc. shows the company paid out $218 million in bonuses, higher than the $165 million previously disclosed.

Sen. Christopher J. Dodd fields media questions about AIG bonuses, while visiting the Enfield Police Department in Enfield, Conn. on Friday, March 20, 2009. [Agencies]

Attorney General Richard Blumenthal's office received the documents late Friday after issuing a subpoena.

Related readings:  House passes bill taxing AIG and other bonuses  AIG paying out $165m in bonuses despite gov't pressure

Blumenthal says the documents show that 73 people received at least $1 million apiece, and five of those got bonuses of more than $4 million. The financially ailing insurance giant has been under fire for giving bonuses after receiving more than $182.5 billion in federal bailout money.

AIG spokesman Mark Herr declined to comment Saturday.

Blumenthal said the newly revealed number will "further fuel the justified anger and revulsion that people feel."