15 of 20 Top AIG Bonus Recipients Return Money

by Stephan Tawney on March 23, 2009

So says New York Attorney General Andrew Cuomo. Oh, and AIG is no longer AIG. Say hello to AIU Holdings. The result of an out-of-control witchhunt initiated by a bunch of hypocrites looking to become populist crusaders for their political benefit. 

Attorney General Andrew M. Cuomo of New York announced late Monday afternoon that 9 of the top 10 bonus recipients at the American International Group had given back their bonuses.

He also said 15 of the top 20 bonus recipients in A.I.G.’s financial products division had given the money back, for a total that he estimated at about $30 million. “Those bonuses will be returned in full,” Mr. Cuomo said during a conference call with reporters…

Mr. Cuomo reiterated Monday that his office was sensitive to the security and privacy concerns of A.I.G. employees and that it would conduct a risk assessment before releasing name. More than 400 people received bonuses in A.I.G.’s financial products division.

So, what does the White House do now? As Allahpundit points out, the White House hasn’t committed to signing the 90% on the bonuses. Yet 77% of Americans reportedly support the recouping of the money. What is The One to do? Revert back to campaigning? Use this latest news as political cover to veto the massive tax? We shall see.



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