Skip navigation
AIG Video Gallery
AIG's Benmosche says pay cuts to top execs makes retaining talent difficult, reports CNBC's Mary Thompson.
AIG CEO Robert Benmosche is reportedly threatening to walk away, with CNBC's Mary Thompson.
AIG CEO Benmosche says he is totally committed to leading AIG according to an employee memo, with CNBC's Mary Thompson.
AIG CEO Robert Benmosche is threatening to resign because of constraints imposed by the US government. Adam Tanner, of R...
AIG CEO Robert Benmosche is threatening to resign because of constraints imposed by the US government. Jeffrey Sonnenfel...

Current DateTime: 10:45:02 27 Nov 2009
LinksList Documentid: 24355697
  • Runway Angels

      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.

  • Smartphone Guide

      Here's a need-to-know guide to nine devices, based on features, price, network and platform.

  • Wines for the Holidays

      Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES


Current DateTime: 10:45:02 27 Nov 2009
LinksList Documentid: 33793611
  • How Well Do You Know Your Bird?

      Let's talk turkey. Test your turkey knowledge and perhaps pick up a bit of trivia to trot out at your holiday meal.

  • A Healthier & Wealthier You

      Take the following quiz and find out how much you know about the impact of obesity on the health of the U.S. economy.

  • The Billionaire BFF's

      Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?


Current DateTime: 10:45:03 27 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

powered by digg
AIG Gives Staff Deadline on Bonus Payback Decision
By: CNBC.com | 20 Mar 2009 | 07:16 PM ET
Text Size

Management at American International Group's financial products unit asked its employees to let the unit know by 5 p.m. on Monday if they plan to return all or part of the bonuses they got under an employee retention program, said the Wall Street Journal, citing a person familiar with the matter.

The request comes amid tight corporate security for AIG, which has received more than $170 billion in taxpayer money. The insurer urged staff to take measures "to increase their overall safety and security" due to "a growing sense of public attention fueled by increased media scrutiny."

In a memo, employees are advised to "avoid wearing any AIG [AIG  Loading...      ()   ] apparel (bags, shirts, umbrellas, etc.) with the company insignia" and to make sure badges with the AIG name are not visible when they are outside the office.

Aig Headquarters

Employees should also report to building security any individuals "who appear to be out of place or spending an inordinate amount of time near an AIG facility," according to the memo. 

"Avoid public conversations involving AIG and do not engage any media personnel regarding the company," the memo also warned.

Visitors should be escorted by an AIG employee at all times when inside an AIG building, and employees are advised to "question individuals that you do not recognize and appear to be out of place."

Employees are also advised to avoid propping doors and be aware of those trying to "piggy back" into the building.

And the scutiny for AIG is only getting more intense. Connecticut state Senator Bob Duff (D-Norwalk) and Representative Ryan Barry (D-Manchester), issued subpoenas Friday, ordering AIG employees to appear at a state legislative hearing on Thursday, March 26. The list includes AIG CEO Edward M. Liddy.

Duff and Barry are co-chairs of the Connecticut General Assembly's Banks Committee. The subpoenas were issued with the approval of state Attorney General Richard Blumenthal.

The committee is requesting testimony as well as original or copies of documents regarding AIG's retention bonus plan and any related contracts or agreements.

According to the lawmakers, the activities of the AIG are of interest to the banking committee for their deliberations on legislation over regulation of the securities industry, hedge funds and the mortgage industry.

State lawmkers say AIG's actions have destabilized the mortgage and lending markets in Connecticut and excessive compensation could have led to employees taking risky measures that caused further destabilization.

Click Here For Full AIG Coverage

© 2009 CNBC.com
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
  • Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
  • T shirt man
  • From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
  • It may be the most unusual guide to business you'll read.
  • "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
  • Some of the nation's top bartenders offer suggestions on what to serve at holiday celebrations this year.
ADD COMMENTS
Remaining characters


Current DateTime: 06:14:06 27 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 09:11:30 27 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 10:38:14 27 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 07:56:29 27 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters