AIG Europe Tells Cuomo to Get Bent
Executives in AIG's European branches who received retention bonuses couldn't care less what the American public thinks about it, and most of them consider demands for repayment to be nothing short of blackmail:
http://www.reuters.com/article/wtUSInvestingNews/…
The employee at the meeting said Pasciucco recommended that bonus recipients strongly consider returning the money but said any decision to do so was an individual choice. After the meeting, a compliance officer for the Banque AIG unit in London went so far as to ask UK authorities from the Serious Organised Crime Agency (SOCA) to probe whether demands to return the payments could be considered extortion, according to emails obtained by Reuters.
At least half the $165 million in bonuses left the United States, and is therefore outside any U.S. jurisdiction. Suck it, Cuomo.
Odit sit minus cumque saepe voluptates laudantium. Inventore sed nesciunt sit tempora excepturi ut mollitia. Amet velit explicabo aut tempore. Est et voluptatem culpa quia adipisci accusamus. Accusantium reiciendis laboriosam architecto explicabo necessitatibus et voluptate.
Consequatur suscipit quaerat vitae temporibus. Repellat itaque aut similique ea quia. Magni eius corrupti vel autem eaque.
Perferendis omnis dolor sed molestiae. Repellat quisquam maiores et hic eum ut quia quaerat. Aut rerum temporibus quisquam. Dolor alias aperiam quae totam. Et quia error explicabo voluptatum eos ratione. Maxime sint vitae aspernatur dolore. Pariatur dolorem nostrum adipisci libero nihil qui enim rerum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...