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.


More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.


Latest Newscast




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


Supported by