The US will deduct $165 million the troubled insurance giant AIG paid its top executives as bonus from the $30 billion the firm is due to get as part of its bailout package, a media report said today.
A BBC report quoted US Treasury Secretary Timothy Geithner as saying in a letter to Congressmen that the ailing insurer will be required to pay back the hugely controversial bonuses it awarded after taking public bail-out money.
Thursday, March 19, 2009
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