The New York Attorney General has apparently wrung an agreement from A.I.G. to stop lavishly spending Taxpayer funds on partridge hunts, spas, and failed fired executives. However, the A.G. recently demanded more from A.I.G. than that. The A.G. previously demanded that A.I.G. take all necessary steps to get funds back from those same executives. How is that going? No word, yet. See Jonathan D. Glater, "A.I.G. Agrees to Suspend Milions in Executive Bonus Payments" p. B4, col. 1 (New York Times Nat'l Ed., Business Day Section, Thursday, October 23, 2008).
If this is someone's idea of a "compromise," it is strictly to AIG's benefit --and the benefit of its executives who were involuntarily separated from service.
Please Read The Disclaimer.
Comments