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AIG Gives Names Of Bonus Recipients To Cuomo
New York Attorney General Andrew Cuomo has received the names of the AIGers who got bonuses, and is weighing whether to release those names, his office has announced.
Cuomo had subpoenaed AIG for the names. Yesterday, the firm's CEO, Ed Liddy, declined to tell Congress he would cooperate with the subpoena, citing concerns about the safety of employees whose names were released.
Cuomo's full statement follows after the jump....
ATTORNEY GENERAL CUOMO ANNOUNCES SIGNIFICANT DEVELOPMENT RELATED TO AIG
I have received the list of AIG FP employees who received retention payouts. Mr. Liddy testified in Congress yesterday that he intended to comply with our subpoena and expressed concern for employee safety. Mr. Liddy has in fact now complied with the subpoena. We are aware of the security concerns of AIG employees, and we will be sensitive to those issues by doing a risk assessment before releasing any individual's name. The Attorney General's Office is a law enforcement agency and is experienced in making these assessments.
As we perform our review, we will simultaneously be working with AIG over the next few days to determine which employees received payments and which chose to return the money they received.
The Attorney General's Office will responsibly balance the public's right to know how their tax dollars are spent with individual security, privacy rights, and corporate prerogative.
At this moment, with emotions running high, it is important that we proceed diligently, with care, reflection, and sober judgment.
We thank AIG for their compliance.
Josh
Zachary
"As we perform our review, we will simultaneously be working with AIG over the next few days to determine which employees received payments and which chose to return the money they received."
Translation: Hey, AIG employees, if you give back your bonus real soon, I will note that fact when I release your name, and you might be able to avoid a torch-bearing mob from ending up at your door.
March 19, 2009 6:47 PM | Reply | Permalink
I've long believed that the unjustifiable anonymity of these executives does nothing but incentivize their misappropriation of taxpayer dollars. They are not blameless; they should not be nameless.
AIG is now a taxpayer-owned company, and we, the American people, are entitled to know exactly who is taking millions of dollars of our hard-earned money. Every non-profit 501c3 charity must publicly disclose executive salaries, which can be obtained by anyone with a FOIA request. Why not AIG?
As long as these AIG sleazebags can conceal their identities, they will try to keep every ill-gotten nickel. But I guarantee you that the minute their names and photos appear on TV and in newspapers, and those camera crews come knocking on their front doors they will drop those bonuses like used condoms.
March 20, 2009 1:16 AM | Reply | Permalink
If he doesn't release the names then he pays!
March 20, 2009 6:22 AM | Reply | Permalink
I like this young Cuomo fellow. I heard someone on the T.V. say something interesting on this matter. If Cuomo gives out the names of these people he might endanger them and their families. What he should do is threaten to reveal the names unless they give the money back. It's a shame that the older Cuomo didn't run for President. He would have been a great one ! Let's see what the kid can do.
March 20, 2009 1:12 PM | Reply | Permalink