First, greed and corporate malfeasance put AIG—the world's largest financial services company—on the brink of collapse. Hard-working American taxpayers came to the rescue with a massive $85 billion bailout.

In March, we found out that AIG used $454 million of that bailout money for executive bonuses.

Now, we learn that AIG is paying at least $1.5 BILLION in bonuses, much of it going to managers in the very unit responsible for AIG's collapse! 

Enough is enough! It's time to fire James Orr III, the one remaining board member of AIG's Compensation Committee—the committee that approved these bonuses with taxpayer bailout money.

Mr. Orr did not act in the best interest of shareholders—the American taxpayers—and it's time for him to go. Sign the petition below and let the AIG Board of Directors know how you feel!

Dear [ Decision Maker ] ,

The Compensation Committee of the AIG Board is responsible for overseeing and administering AIG's executive compensation programs.

This includes $165 million in bonus payments to the managers of the Financial Products Division, as well as allowing former Division leader Joseph Cassano to "retire" with $34 million in bonuses intact and a lucrative $1 million per month consulting contract. Cassano is responsible for engineering the credit default swap derivative contracts that directly resulted in the massive losses.

As tax payers we have funded AIG's bailout and now are the majority shareholder in the company. We demand that James Orr III be removed from his post immediately.

Signed by:

Campaign Launched:
May 08, 2009