Home / Business Tools: Save | Print | E-mail | Most Read | Comment
Obama says AIG bonuses to be blocked
Adjust font size:

U.S. President Barack Obama said on Monday that his administration will stop insurance giant American International Group (AIG) from paying US$165 million of bonuses to its executives.

U.S. President Barack Obama (L) and Treasury Secretary Timothy Geithner arrive in the East Room of the White House in Washington March 16, 2009 to make announcements on helping small business during the economic crisis. [Xinhua]

U.S. President Barack Obama (L) and Treasury Secretary Timothy Geithner arrive in the East Room of the White House in Washington March 16, 2009 to make announcements on helping small business during the economic crisis. [Xinhua]

"It's hard to understand how derivative traders at AIG warranted any bonuses, much less US$165 millions in extra pay," Obama said at the outset of an appearance to announce a plan to boost small businesses loans.

"How do they justify this outrage to the taxpayers who are keeping the company afloat," the president said, adding that the insurer is in financial straits because of "recklessness and greed."

The president's remarks came as the financially strapped AIG, which Obama said has received "substantial sums" of federal aid from the federal government, was reported to be paying US$165 million of bonuses to its executives.

The 165 million dollars were payable to executives by Sunday and was part of a larger total payout reportedly valued at US$450 million.

Obama said he has asked Treasury Secretary Timothy Geithner to "pursue every legal avenue to block these bonuses and make the American taxpayers whole."

"This isn't just a matter of dollars and cents," the president said. "It's about our fundamental values."

The American International Group (AIG) building in New York's financial district, March 16, 2009. [Xinhua]

The American International Group (AIG) building in New York's financial district, March 16, 2009. [Xinhua]

AIG lost US$61.7 billion in the fourth quarter of 2008, marking the largest corporate loss in history. The company has so far received more than US$170 billion in a federal rescue.

(Xinhua News Agency March 17, 2009)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- AIG to pay millions in bonuses despite gov't pressure
- Feds save AIG
- Bid for AIG operations out of the question
- Latest aid to AIG is critical: White House
- Chinese firms in fray for AIG Asia assets

Mar.20, Shanghai Lipper Funds Awards
Mar.21-22, Beijing Anti-monopoly Law Symposium
Mar.27, Beijing The 4th Annual China Fund Summit
Apr.11-12, Beijing The Fifth (2008) 'Gold Prize of Round table'of Chinese Boards of Listed Company
Apr.20-23, Beijing Green Transformation: Forcast New Business Culture

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 麻豆国产成人AV在线| 女网址www女高清中国| 国产精品9999久久久久仙踪林| 久久亚洲伊人中字综合精品| 青青青久97在线观看香蕉| 夫妇交换性3中文字幕k8| 么公的又大又深又硬视频| 男人的天堂色偷偷| 国产女人18毛片水真多1| 99热亚洲色精品国产88| 日本爽爽爽爽爽爽在线观看免| 亚洲综合五月天欧美| 超清av在线播放不卡无码| 国内精品国语自产拍在线观看91| 主人啊灬啊别停灬用力啊视频| 欧美日韩国产在线人成| 啊灬啊灬啊灬快灬深用力| 美女巨胸喷奶水视频www免费| 尤物视频www| 久久精品国产亚洲AV麻豆~| 波多野结衣同性女恋大片| 国产一区韩国女主播| 12345国产精品高清在线| 性一交一乱一伧老太| 久久综合九色综合97免费下载| 特级欧美老少乱配| 国产一级做a爰片久久毛片男| 高潮毛片无遮挡高清免费视频| 国产欧美日韩精品丝袜高跟鞋 | 4399影视免费观看高清直播| 成人欧美一区二区三区黑人免费| 亚洲乱码一二三四区麻豆| 痴汉の电梯在线播放| 国产人妖XXXX做受视频| 窝窝视频成人影院午夜在线| 女人与大拘交在线播放| 三年在线观看免费观看完整版中文 | 欧美精品香蕉在线观看网| 和主人玩露出调教暴露羞耻| 91成年人免费视频| 国产美女口爆吞精普通话|