AIG Cuts $19 Million Golden Parachute Strings of Former CEO

AIG says it will freeze millions of dollars of payments to former CEO Martin Sullivan and other top executives, according to an agreement reached with New York Attorney General Andrew Cuomo. Sullivan, who left AIG in June, was due to be paid about $19 million as well as other benefits. Cuomo is currently investigating AIG for "unwarranted and outrageous" executive payouts after the company received billions of dollars in rescue money from taxpayers. "The American taxpayer is now...Full Story
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