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Cuomo says 15 AIG execs agree to return bonuses

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posted on Mar, 23 2009 @ 07:26 PM
NEW YORK – New York Attorney General Andrew Cuomo said Monday that 15 employees who received some of the largest bonuses from American International Group Inc. have agreed to return the money in full. The commitments amount to more than $30 million of the $165 million in bonuses awarded earlier this month by the troubled insurer. Cuomo said he still hopes that more AIG employees will return their bonuses. He expects his office will be able to recoup about $80 million of the money the insurer paid out — roughly the amount of bonuses paid to American employees.
Well it looks like 80 million will be sent back. Although this is small potatoes to the real problems we have with AIG and the federal reserve, this may subside some anger.

Hopefully this whole fiasco has opened up people's eyes enough to see that there is so much more to it than the bonuses.

I'm sure Geitner and the Obama administration would love to see this issue go away....

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