More money, more problems?

Troubled insurance giant AIG is seeking U.S. government permission to pay out millions more in executive bonuses. The company, which has so far sucked up US$180 billion in taxpayer bailout money, became a lightning rod for public anger last spring when it was revealed it had paid $165 million in “retention” bonuses. This time the payout—including US$2.4 million to about 40 executives—is much smaller, but the reaction is likely to be the same.

The Washington Post