A.I.G Bonus Round

[clifp]

I really like both ideas posting a bond and paying them in bad assets. Making the professional share in some of the risk is one of the keys to restoring faith and fairness in Wall St. I think stock options/restricted stock which vest over many years actually are a good compensation practice. One of the downsides of the debate about stock options,is it caused companies switched from stock to cash, although evidently some of the investment banks (Goldman, IIRC) paid a lot of compensation in stock.

[mickeyd]

Attorney General Andrew Cuomo says his office will investigate whether recipients of the payments were involved in the insurance giant's decline and whether the payments are fraudulent under state law.


4PM deadline. Today.

Quote:

In a letter to CEO Edward Liddy, Cuomo said he's been investigating AIG compensation arrangements since last fall and would issue subpoenas at 4 p.m. EST Monday if he didn't get the names of employees scheduled for bonuses plus information about their work and contracts.

N.Y. AG Wants Answers On AIG Bonuses - CBS News