AIG Bonuses: Surrendered Under Pressure?

cnbc.com ^ | March 24, 2009 | Michelle Caruso-Cabrera

[pissant]

The Gestapo strikes again. We need to reign these worthless bastards in, and soon

[MortMan]

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.

Is this extortion, or blackmail?

[NonValueAdded]

IMHO Cuomo broke the law.

[Bosco]

I believe the legislation constitutes a Bill of Attainder.

And that's illegal according to the Constitution.

[Lurker]

It's extortion, legally speaking.

Not that the word 'legal' has any real meaning anymore.

[RobbyS]

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?

[GeronL]

ACORN death threats and a Congressional majority that could make them happen.

what a team!

[theDentist]

A local Talk Host read a resignation letter from one of the AIG managers who was being told to return the money. I didn't catch where he was reading it from, but the man really raked AIG's Top Boss over the coals.... he went into the fact that the managers who brought AIG to the precipice all had either resigned or been fired long ago... that the managers who got the bonus's were all there to try and clean up the mess and return AIG to a solid house... and these same managers working for the last year were (almost) all working for a salary of $1.

I forget hearing those things in the Press or in the hearings.

[Lost Highway]

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.

[GeronL]

ACORN needs to go after Franklin Raines $70 million bonuses

[RobbyS]

In a just society, he would be impreached.

[RushIsMyTeddyBear]

Wasn’t Zero asked about this last night?

Cuomo and the AG need to GO!

[Big_Monkey]

What ever happened to the Privacy Act of 1974? On what legal grounds did Cuomo demand and obtain this information? Was there a subpoena issued? And if not, did AIG have an obligation under the Privacy Act to keep employee payroll information from becoming public knowledge?

It seems to me there's plenty of areas that civil rights violations could be explored by these employees.

[Old Retired Army Guy]

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.

[isthisnickcool]

A 100% income tax...

[Kozak]

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.

[REPANDPROUDOFIT]

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?

[greynolds]

“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.

[reaganaut1]

I agree with the criticism of Andrew Cuomo in this thread. A related thread on an NYT article where Cuomo made his threats is here .