Quote:
Originally Posted by Brujah
New York Attorney General Andrew Cuomo says his office will investigate whether recipients of the payments were involved in the insurance giant's decline and whether the payments are fraudulent under state law.
http://www.cbsnews.com/stories/2009/...n4868077.shtml
In a letter to CEO Edward Liddy, Cuomo said he's been investigating AIG compensation arrangements since last fall and would issue subpoenas at 4 p.m. EST Monday if he didn't get the names of employees scheduled for bonuses plus information about their work and contracts. |
Yeah, there was some interesting commentary earlier on CNN about that quick deadline.
But again, finding out who got them and whether or not they were responsible for AIG's decline is all well and good but it's still a bonus that's in their contract.
I'm not saying, in any of this, that I think these people deserve bonuses (I don't think they even deserve their jobs), but if it's legal, it's legal. There's not much they can do except try to prevent it in the future.