The AIG bonus debacle keeps getting bigger.
Responding to detailed questions from Rep. Elijah Cummings, D-Md., the company now says it doled out more than $454 million in bonuses to its employees for work performed in 2008, a marked increase from the $120 million it claimed in March to have paid out.
Cummings told Politico, which first reported the story, that he was "shocked to see that he number has nearly quadrupled this time."
"I simply cannot fathom why this company continues to erode the trust of the public and the U.S. Congress, rather than being forthcoming about these issues from the start," he told Politico.
These numbers are in addition to the $165 million in retention bonuses paid to employees of a division of the company known as AIG Financial Products. The disclosure of those payments triggered a political wildfire earlier this year. - FOX News Story
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