Taxpayers balked in November when AIG -- the recipient of an ever-expanding $150 billion credit line from the U.S. government -- reported that it was doling out $469 million in "retention" bonuses to thousands of its employees. Now, Bloomberg reports that AIG is actually giving more than that -- $150 million more. According to the firm, the bonuses are necessary to hang on to its staff, but Rep. Elijah Cummings (D-MD) said AIG is overpaying and accused the firm of being less than forthright about the pay. An AIG spokesperson told Bloomberg, "Ed Liddy [AIG's CEO] clarified various details about those plans in answer to Congressman Cummings's questions."
Between 2003 and 2007, a top surgeon and researcher reported on University of Wisconsin disclosure forms that he had received $20,000 or more from a medical device maker, except for one year, when he reported earning $40,000 or more. How much more? Oh, about $19 million in total, reports today's Wall Street Journal. The school's disclosure forms, mandated by federal law, don't require doctors to specify any industry pay over $20,000, which Sen. Charles Grassley said does "not go far enough to fully capture a physician's potential conflict of interest." The surprisingly amenable university responded that its disclosure requirements were insufficient and "indefensible" and pledged to change them.
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