AIG Pressured to do the Right Thing

Our democratic government can do the right thing when enough exposure is brought to bear. "Under pressure from Attorney General Andrew M. Cuomo of New York, the American International Group (AIG) said Tuesday that it would pay its chief executive, Edward M. Liddy, only $1 a year and that it was freezing the salaries and eliminating bonuses for its seven other top executives." But is it enough? Should AIG do more? What about the lavish retreats? Cancelled? And how much have these executives been making while they drove the company into bailout mode? Mr. Cuomo, maybe it's time to ask for more. For more on this story go to The New York Times online:

http://dealbook.blogs.nytimes.com/2008/11/25/after-criticism-from-cuomo-aig-cuts-executive-pay/index.html?ref=business

 

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