It appears that some money involved in the AIG bonuses will be repaid, according to an article in the New York Times. Here is more:
The New York State attorney general, Andrew M. Cuomo, said on Monday that he had persuaded nine of the top 10 bonus recipients at the American International Group to give the money back, as the Senate retreated on plans to tax such bonuses.
Mr. Cuomo said he was working his way down a list of A.I.G. employees, ranked by the size of their bonuses, and had already won commitments to pay back $50 million out of the total $165 million awarded this month. But in a reversal of the stand he took last week, he said he did not intend to release any names....
...Mr. Cuomo said that he hoped eventually to recover $80 million in bonuses paid in March to A.I.G. employees in the United States. But he said an additional $85 million had gone to people outside the United States, and he did not believe his office had the legal standing to pursue them....
What made some of the AIG executives decide to return their bonuses, while others refused? Was the public pressure and the threat of humiliation just too much for some to handle? No matter what their reasoning, it is good that they've decided to repay the bonuses.
