AIG says it will curtail executive bonuses (Moldova.org)

New York Attorney General Andrew Cuomo said rescued insurance company American International Group has agreed to freeze an executive bonus fund.AIG said it would discontinue use of a $600 million bonus fund and stop making payments to former Chief Executive Officer Martin Sullivan, who was fired in June, The New York Times reported.In a classic golden parachute arrangement, the company was ...

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by Yahoo Parachute News