AIG CEO To Employees: Return Your Bonuses

By: Associated Press/KKTV
By: Associated Press/KKTV

The head of financially strapped AIG is telling Congress he's heard the rage over executive bonuses and has called on employees to voluntarily return at least half of the money.

Testifying under oath at a congressional hearing as intense as any in recent memory, Edward Liddy said that some workers there already have stepped forward to give money back.

Liddy, who is chairman and chief executive officer of AIG, told a House subcommittee that the bonuses could be defended legally as a legal obligation of the company. But he also said that given the national uproar, he asked those who got "retention payments" over $100,000 to return at least half of it.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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  • by Roger Wieres Location: Califorado Springs on Mar 19, 2009 at 08:33 AM
    Anonymous has some issues and seems to be posing as an AIG exec one moment and someone else the next.
  • by Anonymous on Mar 19, 2009 at 06:35 AM
    I got your "tool" right here Craftsman - on the verge of losing my house - lost my business for less than $20K owed to the bank (no government help), I ruined peoples lives because we could not stay a float (1 is living in her car/shelter with 2 kids somewhere in New Mexico - honest hard-working single mother) and I still owe the IRS over $15k in back taxes and they are charging me interest on top of it; but these guys are getting bonuses with some portion of our tax money? No way - I have every right to be ticked off at these thugs who manipulated the system due to greed. "Tool' that is just an ignorants man word who has nothing to lose.
  • by Peter Location: Colorado Springs on Mar 18, 2009 at 03:54 PM
    Yes Dr. Don, a pox be upon them.
  • by Craftsman Location: Sears on Mar 18, 2009 at 12:46 PM
    Anonymous is a tool!
  • by Dr. Don Location: C/S on Mar 18, 2009 at 11:59 AM
    While that would be the noble and ethical thing to do, AIG has a better chance of catching smallpox.
  • by Anonymous on Mar 18, 2009 at 11:38 AM
    50% is not what I asked for! I refused to be bullied by the Wall Street thugs. No wonder you are in this situation to begin with you don't know the difference between 100 and 50.
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