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AIG Bonuses Prompt Bus Tour of ‘Gold Coast’ Homes

Andrew Frye Bloomberg 03/22/2009 16:02
AIG Bonuses Prompt Bus Tour of ‘Gold Coast’ Homes - AIG - bonus


Protesters hired a bus to hand deliver the message that President Barack Obama sent executives of American International Group Inc. last week: Give the bonus money back.



About 20 protesters, along with a press corps of national and international media who outnumbered them, yesterday rode to the Fairfield County, Connecticut, homes of two AIG executives who received portions of $165 million in extra compensation. The payments were made after their Financial Products unit in nearby Wilton had losses that precipitated the insurer’s $173 billion government bailout.

“There needs to be some accountability,” said bus rider Mark Dziubek, a father of five from Southington, Connecticut, who was laid off recently at a Theis Precision Steel Corp. rolling mill after 19 years on the job. “It’s putting pressure on them to do what’s right.”


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