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 ...
No they all gave up 7 and 8 figure bonuses because they were good corporate citizens. </sarcasm>
Big Tobacco, Big Oil, Big Bankers, Big Insurance; all maligned by the government..I seem to detect a pattern.
ACORN needs to go after (bailed out GE) NBC and MSNBC execs and news personalities, such as Chris Matthews and his new $$$$ contract.
And that's illegal according to the Constitution.
Yes, and Congress violated the Ex-Post Facto law, retroactively, by passing usurer tax increases on the bonuses, and Government breaching contract.
I hope the punks in Gooberment are sooo stupid to go after the hold outs in court.
Breach of contract by the very Dims who made the contract in the first place.
I imagine if the AIG execs weren’t living in fear for their lives, they could successfully sue.
Cuomo said he got a bunch of them to return their bonuses and then sent out his vote for me for Governor stickers.
The Constitution
Article I
Section 9
No Bill of Attainder or ex post facto Law shall be passed.
Bill of Attainder: a bill that has a negative effect on a single person or group
ex post facto: Formulated, enacted, or operating retroactively
But then Democrats have never thought The Constitution as all that important in their desire to rule the world starting with the USofA.
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