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Wednesday, May 8, 2024
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Liddy, after resisting, tells House AIG panel he will ask for voluntary refunds of some bonus money

By  Sun-Times Wire
   
SHARE Liddy, after resisting, tells House AIG panel he will ask for voluntary refunds of some bonus money

WASHINGTON–AIG chairman and CEO Edward Liddy, testifying before a House panel probing the $165 million AIG bonus payments on Wednesday, just made a surprise announcement to placate an angry nation:

Liddy, who presides over a company 80 percent owned by taxpayers, asked the 418 bonus receipients to “step up do the right thing” and refund some of the bonus payments. Liddy proposed that those who received in excess of $100,000 in bonuses volunteer to return “at least half.”

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