Streams

Cuomo Holds AIG's Feet to the Fire

Monday, March 16, 2009

New York State Attorney General Andrew Cuomo has been taking AIG to task since October 2008 when he demanded it explain many payments and expenses including bonuses, stock options and junkets. (Getty)

New York State Attorney General Andrew Cuomo has been taking AIG to task since October 2008 when he demanded it explain many payments and expenses including bonuses, stock options and junkets. (Getty)

New York Attorney General Andrew Cuomo is stepping up his probe of troubled insurance giant AIG, following reports that it will pay out big bonuses. Cuomo is demanding the names of executives slated to receive some $100 million in taxpayer-funded performance bonuses - plus details on their performance. And he wants to see the contracts that supposedly obligate the company to make good on executive bonuses.

Karen DeWitt has more:

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Comments [1]

Matt

Pay the bonuses.
But rewrite the tax code to tax bonuses paid to employees to majority taxpayer owned companies at...you guessed it.

100%

No contract Issue - but taxpayer recoups payments.

Mar. 17 2009 12:51 PM

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