Reuters: Wilton AIG Unit Set to Pay Delayed Bonuses

According to Reuters, AIG is set to pay out another large round of bonuses, in spite of the fact that the company received $182.3 billion in federal bailout money and that many of those set to receive the bonuses no longer work for the insurance giant.

Last year, AIG's $165 million bonus payout in March sparked a public backlash that extended to "several demonstrations, including a bus tour of employee homes near the [Financial Products] unit's Wilton, Connecticut headquarters, and threats to others," Reuters' report states.

It also mentions that around 40 percent of those set to receive payments this March no longer work for AIG in any capacity, though their legal representation stated that this should have no bearing on whether or not they receive the compensation delineated in their contracts.

AIG is reportedly considering paying the bonuses early in hopes of saving up to 15 percent, or $26 million, of the overall expected outlay.

Read the full article: AIG Owes Retention Payouts to Many Ex-Employees. 

And for previous coverage of AIG's Wilton-based Financial Prodcuts Division, go here and here.