Tuesday, May 05, 2009

Moving from $9,000,000 to $454,000,000 in a couple of months

When the AIG testimony before Congress began a couple of months ago, the CEO said that 2008 bonuses totaled $9,000,000. In March the AIG PR person said the number was $120,000,000. Last week AIG submitted a report to Congress which listed 2008 bonuses by division. The total was $454,000,000, or fifty times the original number.

Where will this story end?

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