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"We have been working our way down the list beginning with the recipients who received the largest bonuses. So far, 9 of the top 10 bonus recipients have agreed to give the bonuses back," New York Attorney General Andrew Cumo said.
Cumo further added that "of the top 20 (bonus recipients), 15 have agreed to return the bonuses and of the USD 165 million pool, we calculate that employees have agreed to return approximately USD 50 million".
The US insurance giant paid a whopping USD 165 million as bonus to its executives even as the Federal government had pumped in about USD 170 billion into the company.
Satisfied with this move by AIG bosses, Cumo said, "I would like to say this to the individuals who have given the money back -- You have done the right thing. You have done what this country now needs and demands.
"We are living in a new era of corporate and individual responsibility. I thank you for setting an example for the rest of the company."
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