Streams

Cuomo Demands to See AIG Contracts

Monday, March 16, 2009

New York Attorney General Andrew Cuomo has issued subpoenas to AIG, demanding that the troubled insurance firm detail who is getting big bonuses. Cuomo also wants to see the contracts that supposedly force AIG to make good on executive bonuses. He told reporters in a conference call that his review is meant to halt the, quote, "absurd" abuse of taxpayer bailout dollars:

CUOMO: No one is trying to micromanage anyone's business, but we do want fairness.

AIG says the contracts oblige it to pay out $165 million in bonuses.

Tags:

More in:

The Morning Brief

Enter your email address and we’ll send you our top 5 stories every day, plus breaking news and weather.

Leave a Comment

Email addresses are required but never displayed.

Sponsored

Latest Newscast

 

 

Support

WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public

Feeds

Supported by