Dodd Statement on AIG Bonuses
March 16, 2009

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban affairs, released the following statement today in response to AIG’s decision to pay out $165 million dollars in bonuses for its executives.

 

"This is another outrageous example of executives - including those whose decisions were responsible for the problems that caused AIG's collapse - enriching themselves at the expense of taxpayers.  A car mechanic or teacher in Connecticut shouldn’t have to subsidize the bad decisions of these executives. Executives at other companies receiving TARP funds have voluntarily foregone bonuses - there's no reason why those at AIG shouldn't do the same."

 

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