Global General

Special

Newsmaker

Asia Pacific

America

Middle East

Europe

Africa

AIG bonus outrage has employees living in fear

(Agencies)
Updated: 2009-03-21 11:07

FAIRFIELD, Conn. -- Pillars of the community are now pariahs fearing for their safety in a ritzy area of Connecticut home to many executives at American International Group Inc., hit with a backlash over bonuses it paid to top brass even as it accepted federal bailout money.

A protestor is reflected in the sunglasses of a Washington police officer during a protest against AIG bonuses and bailout, Friday, March 20, 2009, in front of the AIG offices in Washington. [Agencies]

Related readings:  Senate Republicans brake rush to tax AIG bonuses  Former AIG head denies he started exec bonuses  Some AIG staff to pay back bonuses  House to vote on taxing AIG bonuses

The payouts to executives appear to have helped put a face on the economic struggles the country faces, and the anger targeting AIG is palpable. Death threats have been pouring in since the brouhaha broke, the company said, and its workers are taking no chances.

"It's scary," one executive said, speaking on condition of anonymity because he feared retribution. "People are very, very nervous for their security."

The financial products division is in Wilton in Fairfield County, and many of the company's leaders live in large homes on the "Gold Coast," an area known more for golf courses and sweeping views of Long Island Sound than for the police cars that now regularly patrol the well-kept streets.

Corporate officials advised employees in a memo posted on Gawker.com to avoid wearing the company logo, in an effort to keep from drawing attention. Workers were also urged to travel in pairs at night and park in well-lit areas.

And typifying the preoccupation with the AIG payouts, a busload of activists plans to drive by executives' houses Saturday in an attempt to deliver letters highlighting the strife of ordinary families in the recession and seeking solutions for economic recovery.

AIG said Friday that at least three executives who received bonuses planned to return the money, including James Haas and Doug Poling, both residents of Fairfield County.

"However someone may feel about the appropriateness of the retention payments, there is nothing appropriate about the threats that people have made to and about employees," company spokesman Mark Herr said in a statement. Haas and Poling have not responded to requests for comment from The Associated Press.

The Polings help out charities including a homeless shelter, theaters and a school, according to The Connecticut Post. At the house, a large white Colonial on a cul-de-sac with all the trappings of suburban prosperity -- green shutters, a wood-shingled roof and an invisible fence for dogs -- a police car pulled up Friday afternoon and talked to a security guard.

Officer Joe Kalson said that he drives by two or three times a day as of late and that other officers patrol the area, as well.

   Previous page 1 2 Next Page  

   Previous page 1 2 Next Page