Tuesday, March 17, 2009

Amid AIG Furor, Dodd Tries to Undo Bonus Protections He Put In - FOXBusiness.com

 

While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. That amendment provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” -- which exempts the very AIG bonuses Dodd and others are now seeking to tax.

The amendment made it into the final version of the bill, and is law.

Separately, Sen. Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org.

Click below to read entire article including a breakdown of top political contributions by AIG

Amid AIG Furor, Dodd Tries to Undo Bonus Protections He Put In - FOXBusiness.com

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