They've got muck; we've got rakes. TPM Muckraker
In fact, those employees will get their payouts more than a month early, because they agreed to accept 10 to 20 percent less money than they were originally promised two years ago.
One employee told the Post that "current employees stepped up" by agreeing to reduced payments, in order to put the issue behind them.
And an AIG spokesman told the paper:
We are greatly appreciative that virtually all -- some 97 percent -- of active FP employees have volunteered to reduce their upcoming 2010 payment to help achieve our giveback target. We have decided to begin these reduced payments to these active employees as well as those non-active employees who agreed to reductions. The reductions from these two groups stand at about $20 million, and we believe this allows us to largely put this matter behind us.
As we've reported, federal investigators are currently probing whether Joseph Cassano, who helmed the division at the time, deliberately misled investors in telling them about the firm's process for valuing the swaps.
AIG has received about $180 billion all told from U.S. taxpayers.