Earlier this year, after Andrew Cuomo threatened to make public the names of AIG executives receiving bonuses, those executives agreed to give the money back by the end of the year. Well, the end of the year is almost here and that money hasn’t been given back. Of the $45 million that the execs pledged to return, only $19 million has been given back. Some of those who were set to return money left AIG and took the cash with them. And those who are still with the company have decided to hang on to the money until they find out what Kenneth Feinberg decides should be done about future bonuses. Clearly, somebody needs to call the Bonus Buster.
AIG executives’ promises to return bonuses have gone largely unfulfilled [Washington Post]