A.I.G. to Suspend Millions in Executive Payouts
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 ...
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I'm hoping that the AIG executives are the first in a long string of financial 'leaders' who don't get their mind-boggling bailout benefits. I would be happier if the money withheld from these D&G-suited pirates went to pay back the taxpayers for the money loaned to their firms--or at least go toward repaying the bailout.