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The short explanation of this alert was:
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!
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