NEW YORK –said Monday that 15 employees who received some of the largest bonuses from . have agreed to return the more than $30 million worth of payments in full.
total, AIG employees have agreed to return about $50 million of the
$165 million in bonuses awarded earlier this month by the troubled
insurer, Cuomo’s office said.
Cuomo said he
still hopes that more AIG employees will return their bonuses. At most,
Cuomo said his office could hope to recoup $80 million of the bonuses —
roughly the amount paid out to American employees.
applaud the employees who are returning the bonuses,” Cuomo said during
a conference call with reporters. “I think they are being responsive to
About 400 employees and future employees in AIG’s financial products
division received bonuses. Documents provided by AIG to the
said the awards ranged from $1,000 to nearly $6.5 million. Seven
employees were to receive more than $3 million. Last week Cuomo said
AIG paid bonuses of $1 million or more to 73 employees, including 11
who no longer work there.