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Our Friends the Saudis

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Sharmuta3/23/2009 6:16:23 pm PDT

AIG execs agree to return $50M bonuses

New York Attorney General Andrew Cuomo said Monday that 15 employees who received some of the largest bonuses from American International Group Inc. have agreed to return the more than $30 million worth of payments in full.

In total, AIG employees have agreed to return about $50 million of the $165 million in bonuses awarded earlier this month by the troubled insurer, Cuomo’s office said.