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June 01, 2009 – Comments (2) | RELATED TICKERS: AIG , GRE , ED

Considering the source, I have no comment on this story. I can only hope it is not true.

Insurance giant AIG is trying to seize a $490 million charitable endowment -- and claw back $27 million it already awarded to New York charities -- to pay executive bonuses, The Post has learned.

2 Comments – Post Your Own

#1) On June 01, 2009 at 4:31 PM, HighRisk41 (39.21) wrote:

Hmmmm well if I was a betting man I wouldn't put it past them. I mean you can't really expect AIG execs to go with out their bonuses! Its hard work running one of the biggest companies in america into the ground and then convincing the goverment to reward your stupidity with tax-payer money. Thats talent my friend and is justly rewarded!

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#2) On June 01, 2009 at 5:26 PM, nottheSEC (80.03) wrote:

hey I am an AIG err AIU err IOU executive(trips over self) and my pheasant on the requires no funding for peasants. Seriously just shameful. This should be required to house charties in their office building in addition to eithier giving the government their money or allowing the charitable contribution. Hopefully the latter.   

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