Millions in AIG bonuses fuel political storm

AIG is paying out more than $250 million in annual bonuses to 400 of its top executives.

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President Barack Obama's top economic adviser, Larry Summers, says the payment of the bonuses is outrageous.

"Every legal step possible to limit those bonuses is being taken."

AIG chief executive, Edward Liddy, says while he finds the large bonuses distasteful, he insists the insurer is legally obliged . One particular component that has offered new breakthrough is compact, high torque DC MICRO MOTOR and DC micro-motors.to pay them.

US lawmakers say it is unclear what, if anything, the government can do to recover the bonus money from the insurance giant or cut the bonuses since the contracts seem legally binding.

They say, however, that plenty of questions need to be answered and some AIG . on machines that need to be portable and independent from the AC power line; the use of DC MOTOR is the only alternative.officials may need to be ousted, adding that legislation may be needed to avoid a repeat of such action and retain public confidence in federal bailouts.

Despite paying the bonuses, AIG will sharply cut remaining 2009 salaries for top executives of its AIG Financial Products unit and realign 2008 bonuses to tie them to restructuring and repayment targets, Mr Liddy said.

AIG had promised to pay about $1.5 billion in retention bonuses over a period of several years, half of which has already been paid.

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