Posted on 03/25/2009 10:58:54 AM PDT by Free ThinkerNY
An email from the head of a controversial unit at AIG suggests employees who gave up their bonuses did not do so voluntarily, but feared their names would be released if they did not.
The email, obtained by CNBC, states the following: “Please be aware that we have received assurances from Attorney General Cuomo that no names will be released by his office before he completes a security review which is expected to take at least a week. To the extent that we meet certain participation targets, it is not expected that the names would be released, at all.”
The email, dated Friday March 20th, is from Gerard Pasciucco, the individual hired by AIG CEO Edward Liddy to wind down the controversial Financial Products division — the division which caused the near collapse of the global financial system — and was sent to employees of that division.
CNBC has confirmed the authenticity of the email contents, which also was reported by the Washington Post. An AIG [AIG 1.21 -0.18 (-12.95%) ] spokesperson declined to comment. The attorney general’s office declined to comment.
New York Attorney General Andrew Cuomo announced late yesterday that 9 out of the top 10 bonus recipients at the American International Group agreed to give back their bonuses. And that 15 of the largest 20 bonus recipients in AIG’s financial products division had agreed to give back the money.
(Excerpt) Read more at cnbc.com ...
The Gestapo strikes again. We need to reign these worthless bastards in, and soon
Is this extortion, or blackmail?
IMHO Cuomo broke the law.
And that's illegal according to the Constitution.
Not that the word 'legal' has any real meaning anymore.
It’s a damn witch hunt. I know a lot of bog shorts didn’t earn theor bonuses, but some of the small fry worked their buns off. Why should they suffer, too?
ACORN death threats and a Congressional majority that could make them happen.
what a team!
I forget hearing those things in the Press or in the hearings.
I wish I worked for A.I.G. I got a bonus this year and I’d love for those bastards to come try and take it.
ACORN needs to go after Franklin Raines $70 million bonuses
In a just society, he would be impreached.
Wasn’t Zero asked about this last night?
Cuomo and the AG need to GO!
It seems to me there's plenty of areas that civil rights violations could be explored by these employees.
Hope everyone saw the resignation letter to Liddy from an Executive VP of AIG and he and others got hosed. The people who should be surrendering their compensation are all the members of Congress.
A 100% income tax...
This is hysterical. Risking blowing the 160 billion we poured into AIG over 0.1% in CONTRACTED bonuses, all so that our Congressional Overlords can grandstand to the slobbering mouth breathers.
Weren’t the “names” eventually released by Cuomo or someone. How did the bus tours know which houses to feature and where to set up the protests?
“It was like blaming the victim of a holdup for corrupting the integrity of the thug. And yet — he thought — through all the generations of political extortion, it was not the looting bureaucrats who had taken the blame, but the chained industrialists, not the men who peddled legal favors, but the men who were forced to buy them; and through all those generations of crusades against corruption, the remedy had always been, not the liberating of the victims, but the granting of wider powers for extortion to the extortionists. The only guilt of the victims, he thought, had been that they accepted the guilt.” Thoughts of Hank Rearden, Ayn Rand’s Atlas Shrugged.
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