The Obama administration and US senators have reacted angrily to the bonus payouts to executives announced on Sunday by US insurance giant AIG.President Barack Obama's economic adviser Larry Summers said the recent goings on at AIG were "outrageous".
But he conceded that legal obligations meant the company had no choice but to pay the $165m (£116m) in bonuses.
AIG has received bailouts from the US government totalling $180bn (£127bn) since coming close to collapse in 2008.
"There are a lot of terrible things that have happened in the last 18 months, but what's happened at AIG is the most outrageous", said Mr Summers. - BBC
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Topic: AIG Bonus (Read 854 times)