US govt should recover 'outrageous' AIG bonuses

WASHINGTON: US President Barack Obama's compensation overseer should be given the power to recover the "outrageous" bonuses of American International Group Inc (AIG) executives who failed to return them to the company as promised, Senator Charles Schumer said.

"This is outrageous," Schumer said in an interview to be aired on Bloomberg Television's "Political Capital with Al Hunt" this weekend. "They were supposed to return them. They said they would return them. Now many of them are not with the company."

Schumer, a New York Democrat, said he'd like Kenneth Feinberg, Obama's special master on executive pay, to try to recover the money and he'd give him legislative or regulatory authority if it doesn't already exist.