Activists protest bonuses at AIG executives' homes

Posted by Nick Dutton - email

FAIRFIELD, Conn. (AP) - A busload of activists - outnumbered 2 to 1 by reporters and photographers - are paying visits to the homes of American International Group Inc. executives in Connecticut to protest tens of millions in bonuses awarded by the company.

About 40 protesters parked at a cul-de-sac Saturday afternoon and walked to the Fairfield home of Douglas Polling. They were met on the curb by two security guards, and one activist read a letter detailing the financial struggles that many Connecticut residents have faced. The group then left the note in Polling's mailbox.

Polling already agreed to forfeit his bonus, but the protesters want AIG executives to do more to help working families.

AIG has received more than $182 billion in federal aid.

Meanwhile, Connecticut's attorney general of Connecticut says documents provided by the company appear to show that it paid $53 million more in bonuses to its financial products division than had been previously reported.

AIG had earlier disclosed that it was required by contracts to pay a total of about $165 million in "retention pay" by March 15th. It said another $55 million had already been distributed, which adds up to about $2 million more than the figure disclosed yesterday.

Attorney General Richard Blumenthal says he's looking for clarification on whether the new papers differ from what was previously reported.

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