Embattled US insurer AIG paid some $454m in previously undisclosed performance bonuses to employees for 2008, the company said in answers to questions from a US lawmaker that were released on Tuesday, reports Reuters.
The payments are in addition to a $120m corporate bonus pool for holding company staff and executives at subsidiary companies. AIG was criticised for paying some $165m in retention bonuses after gaining $180bn  in US bailout aid.

This entry was posted by Gwen Robinson on Wednesday, May 6th, 2009 at 4:50 and is filed under Capital markets, People. Tagged with aig. Edit this entry.