Cuomo Subpoenas AIG Bonus Information

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As I anticipated, AIG was not in fact able to gather all the information Andrew Cuomo wanted before the New York attorney general’s 4pm deadline. Cuomo wrote a letter to AIG this morning demanding information about the millions of dollars of bonus money it’s handing out to employees of its financial services division—the same division that got it into the mess it’s currently in. As the deadline passed this afternoon, Cuomo called performance bonuses for AIG executives “oxymoronic” and said he was issuing subpoenas immediately.

OnceIf Cuomo gets the names, you can expect the executives who received bonuses to be very publicly shamed. Maybe then some of them will give the money back.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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