AIG’s Liddy: We’ve asked those getting bonuses to return half
March 18, 2009 at 1:34 pm by Wayne GarciaIn testimony in front of a House subcommittee, AIG Chairman and CEO Edward Liddy dropped this gem that was not in his prepared remarks: He has asked all AIG employees getting bonuses above $100,000 to return half of the money.
“I’ve asked the employees of AIG financial products to step up and do the right thing,” Liddy told the panel this afternoon. “Specifically I’ve asked those who received retention payments in excess of $100,000 or more to return at least half of those payments, some have already stepped forward and offered to give up 100 percent of their payments.”
You can read my earlier post about his prepared remarks, and download them in their entirety, at this link.
And here’s a video excerpt from Liddy’s testimony.
