3/18/2009 AIG CEO appeared in front of furious lawmakers on Capitol Hill yesterday to shed some light on over $165M bonus awarded to his employees - many of them in AIG's financial products unit. That's the very same department blamed for plunging AIG into the financial turmoil that eventually led the government to lend and invest about $170 billion in the company. In defending his decision foregoing the bonus payments, CEO Liddy said that AIG needs these employees to continue working to un...
Continue reading ...