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After Criticism From Cuomo, A.I.G. Cuts Executive Pay
After Criticism From Cuomo, A.I.G. Cuts Executive Pay
Under pressure from Attorney General Andrew M. Cuomo of New York, the American International Group said Tuesday that it would pay its chief executive, Edward M. Liddy, only a $1 a year and that it was freezing the salaries and eliminating bonuses for its seven other top executives. In addition, ...
STATEMENT FROM ATTORNEY GENERAL ANDREW CUOMO CONCERNING AIG'S DECISION TO ...
oag.state.ny.us — We have received Mr. Liddy s response to our letter of last week outlining the action AIG... will now take regarding executive compensation. AIG has taken a positive step by eliminating bonuses and salary increases for its top executives. Taxpayers have ... (more) STATEMENT FROM ATTORNEY GENERAL ANDREW CUOMO CONCERNING ...
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AIG continues to spend money on stupid stuff
BloggingStocks — ... When a company gets a multi-billion bailout from the federal government, it means things went horribly wrong. The same thinking that got them into this mess can't get them out of it. Limiting executive pay is a good first step, but more needs to be done. ...

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