COVID Stimulus Watch Individual Entry

Recipient Company:
American International Group Inc
Loan or Loan Guarantee Amount:
$4,314,198

Recipient Details

Ownership Structure: publicly traded (ticker symbol NYSE: AIG)

Award Details

Award Date: Aug 10, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: American International Group
Headquartered in: New York
Parent Sector: financial services
Parent Industry: insurance
Employees (prior to pandemic): 46,000

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $40,000,000
Contracting icon
Government-contracting-related Penalties: $300,000
Environment icon
Good Jobs First has no data in this category
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $1,058,237,549
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 288 to 1
CEO Compensation: $19,369,637
Worker Median Pay: $67,403
Tax icon
Total Federal, State, and Local Subsidies: $18,503,590
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues