AIG Asks Obama to OK Bonuses

American International Group Inc., commonly known as AIG, is once again ready to start handing out bonuses. The last time they handed out bonuses, it didn’t go over too well with the American public. In fact, it prompted everything from boycotts to protests.
Prior to handing out bonuses this time, AIG is going to ask permission from Obama’s administration. Specifically, AIG will run their bonuses plan by Kenneth Feinberg — the person in charge of corporate compensation for those companies that have received bailout funding.
Even though AIG isn’t required by law to ask for permission regarding these bonuses since they were …read more