NEW YORK (Reuters) – Troubled insurer American International Group Inc will freeze payments to a former CEO and officers of the unit that was the main source of its financial problems, New York Attorney General Andrew Cuomo said on Wednesday.
"This is to confirm that AIG has agreed to freeze any payments pursuant to the employment package of its former Chief Executive Officer Martin Sullivan in light of the attorney general's ongoing review," according to the letter from Andrew Cuomo to CEO Edward Liddy, which was reviewed by Reuters.
Why was severance pay even offered. Those executives deserve hot tar poured on them with with feathers and they need be running around so we can cut their heads OFF!!
A little extreme I know.
But really, they fail one of the largest insurance companies in the world, where thousands if not millions of people have lost their pensions, their bottom to their businesses and even their LIVES. Yet somehow they allowed (these executives/CEO's) are allowed severance PAY! Where is the JUSTICE!!
I forget there is NONE!!!
I am going to go sit on the Craper NOW!
TOOOTLES!!!
KiKI
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