YOU WON'T SEE THIS ON TV. NO RAGE AND NO LAUGHS.... NO DRAMA. JUST A PRETTY GOOD FIX UP.
Top executives at American International Group Inc. have agreed to give back their bonuses, according to New York Attorney General Andrew Cuomo.
So far, nine of the top 10 bonus recipients at AIG (NYSE: AIG) have agreed to return their bonus money, and 15 of the top 20 executives on the bonus list will repay the money. Cuomo said the money being returned represents about $50 million of the total $165 million bonus pool.
He added that 47 percent of the bonus money went to Americans, representing about $80 million.
"I would like to say this to the individuals who have given the money back — You have done the right thing. You have done what this country now needs and demands," Cuomo said in a statement. "We are living in a new era of corporate and individual responsibility."
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