AIG’s self indulgence linked to Unum’s former CEO
Remember the $165 million in bonuses that American International Group (AIG) awarded to its executives after accepting more than $170 billion in federal bailout money? Those bonuses, which have become a symbol of corporate greed and self-indulgence in the eyes of many Americans, were approved by former Unum CEO James F. Orr. Orr is now an AIG director and serves as chairman of its “executive compensation committee.”