Updated 03/19/2009 10:56 PM
AIG CEO Gives Cuomo Names Of Bonus Recipients
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American International Group chief Edward Liddy complied Thursday with a subpoena from State Attorney Andrew Cuomo to release the names of anyone at the insurance giant who received a retention payout.
The insurer handed out $165 million in bonuses after receiving $182 billion in bailout money.
Cuomo says his office will take security concerns into account before releasing a person's name, and adds he will work with AIG to figure out which employees gave back the bonuses.
Earlier in the day, Mayor Michael Bloomberg came out in defense of bailed out companies that refuse to name their bonus recipients.
"People want to have their privacy. I don't think you want somebody snooping around your private life. Given you write for a newspaper, I can make a case that everything in your personal life should be out there, the public has a right to know because it would influence your stories. No, you have a right to your personal life," said Bloomberg.
Meanwhile, the House of Representatives passed by a vote of 328-93 legislation to tax the bonus pay at companies receiving federal bailout money by 90 percent.
The 90-percent tax would apply to bonuses paid to employees with family incomes above $250,000 at companies that have received at least $5 billion in government bailout money.
"We want our money back and we want our money back now for the taxpayers," said House Speaker Nancy Pelosi.
On Wednesday, AIG's chief executive officer Edward Liddy, seen above, told a House panel that he has asked some executives at the insurance giant to return at least half their bonuses, and he said he fears for the lives of those who do not.
Liddy said he would comply with a request to name those who received bonuses if their safety was assured. He read aloud death threats some had received.
"All the executives and their families should be executed with piano wire around their necks," read Liddy. "If the government can't do this properly, we the people will take it in our own hands and see that justice is done. I'm looking for all the CEOs' names, kids, where they live, etc."
Liddy's testimony came as the embattled company put its Manhattan headquarters up for sale.
Meanwhile, a possible conflict of interest between Governor David Paterson and AIG was revealed Thursday.
Newly-released campaign finance records show the company donated $100,000 to the state Democratic Committee just weeks before the governor brokered a deal to keep the insurer afloat.
AIG made the donation on August 29. Paterson announced a loan agreement between AIG and the Federal Reserve on September 16.
Paterson's office told NY1 in a statement that he had no knowledge of the donation, and was only focused on keeping a major employer from going under.