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AIG Chief Asks Execs to Give Back Money

By M. Morris, Newser Staff

Posted Mar 18, 2009 12:54 PM CDT

(Newser) – AIG CEO Edward Liddy faced the music today, telling a House subcommittee he has asked employees who received generous bonuses to give at least half of the money up, and some have already agreed to do so. Liddy jousted with Barney Frank, who threatened to... Read full story »

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AIG Chief Asks Execs to Give Back Money

AIG • bonuses • Barney Frank • Edward Liddy

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More Newser Stories

AIG's 2008 Bonus Pool Rises to $454M

Company gives congressman the biggest figure yet

AIG Employee Tells Liddy: You Betrayed Us

VP's resignation letter rips cowardly CEO, grandstanding pols

Ex AIG Boss: It's Not My Fault

Says he doesn't back retention bonuses

Frank's House Panel to Grill Geithner Twice

Another Republican congressman calls for him to resign

AIG CEO: Bonuses 'Distasteful,' Necessary

Liddy says paying employees will help taxpayer in long run

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