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Some AIG Executives Agree To Return Bonuses

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Some AIG Executives Agree To Return Bonuses

Business

Some AIG Executives Agree To Return Bonuses

Some AIG Executives Agree To Return Bonuses

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  • <iframe src="https://www.npr.org/player/embed/102280125/102280103" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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New York Attorney General Andrew Cuomo says 15 of the 20 AIG executives who received the largest of those controversial bonuses have agreed to return the money. The insurance giant is the largest recipient of government bailout money, yet it recently paid $165 million to reward executives.

RENEE MONTAGNE, host:

NPR's business news starts with the latest on those AIG bonuses.

New York's attorney general, Andrew Cuomo, says 15 of the 20 AIG executives who received the largest of those controversial bonuses have agreed to give the money back. The insurance giant is the largest recipient of government bailout money, yet as most people know, it recently paid $165 million to reward executives. Many worked in the very unit that brought the company down. When news of that came out, there was public fury. Cuomo's been leading the charge to get that bonus money back. He says employees have so far agreed to return about $50 million, one third of the bonus money.

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