A.I.G. to Suspend Millions in Executive Payouts

New York Times by Jonathan T. Glater | Oct. 23, 2008 (News Report)

The beleaguered insurer American International Group has agreed to suspend payments to executives from a $600 million bonus fund as well as $19 million in payments to its former chief executive, the New York attorney general announced on Wednesday.

The moves are the latest steps in an effort by the attorney general, Andrew M. Cuomo, to prevent bonuses and other compensation to former executives at A.I.G., which in recent weeks has received tens of ... Full Story »

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3.7
 by Fabrice Florin - Oct. 22, 2008

Informative article about New York attorney general Andrew Cuomo's efforts to prevent AIG from paying bonuses or other deferred compensation payments to its former executives. This article is largely based on a single source, Andrew Cuomo, which limits its reliability. However, this is important breaking news which the public needs to know about.

Fabrice posted this story.
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