COVID Stimulus Watch Individual Entry
Recipient Company:
AMERICAN INTL GROUP
Loan or Loan Guarantee Amount:
$4,113,187
Recipient Details
Ownership Structure: publicly traded (ticker symbol NYSE: AIG)
Award Details
Award Date: Jul 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-related Penalties: $40,000,000
Government-contracting-related Penalties: $300,000
Good Jobs First has no data in this category
Consumer Protection / Financial / Competition-related Penalties: $1,058,237,549
Ratio of CEO Pay to that of Median Worker: 288 to 1
CEO Compensation: $19,369,637
Worker Median Pay: $67,403
Total Federal, State, and Local Subsidies: $18,503,590
Violation Tracker
Tax / Subsidy Issues
Contracting Issues
Environment / Safety Issues
Consumer Protection Issues