AIG bonuses higher than previously believed

Documents turned over to the office of Connecticut¿s attorney general by American International Group (AIG) show the company …

Documents turned over to the office of Connecticut¿s attorney general by American International Group (AIG) show the company paid out $218 million in bonuses, higher than the $165 million previously disclosed.

Attorney General Richard Blumenthal¿s office received the documents late yesterday after issuing a subpoena.

Mr Blumenthal said the documents show that 73 people received at least $1 million dollars each, 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 today.

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

AP