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Cuomo: 15 of Top 20 AIG Bonus Execs Returned Money
By
Jen Chung
Published Mar 23, 2009
Modified Mar 23, 2009
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By
Jen Chung
Published Mar 23, 2009
Modified Mar 23, 2009
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Attorney General Andrew Cuomo revealed that most AIG executives who received big bonuses returned them. Nine of the top 10 recipients may return their money; casting a slightly wider net, 15 of 20 executives returned their bonuses, which accounts for $30 million of the controversial $165 million bonuses that the extremely bailed out insurer doled out. The NY Times reports, "Mr. Cuomo acknowledged that some bonus recipients declined to give back bonuses, especially those overseas who are outside the jurisdiction of New York State. He said he did not think it would be in the public interest to release the names of those who gave back their bonuses." About $80 million in bonuses were given to American employees, and Cuomo expects to get that money back.
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andrew cuomo
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executive compensation
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
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