Monday, June 1, 2009
The Gall Of AIG. Demanding Charitable Contributions Back To Pay Bonuses
The future 9/11 memorial. AIG wants millions back
This story belongs in the You've Got To Be Kidding Me category.
According to an exclusive report in the New York Post, AIG is asking charities to which it has donated millions of dollars for the money back in order to pay executive bonuses.
AIG, the Post reports, wants to raid the $490 million Starr International Foundation. And it even wants back some $27 million the foundation has already awarded to charities. Among those standing to lose the grants already awarded: The September 11 Memorial and Museum.
AIG an insurance giant that teetered on collapse when the economy faltered and was bailed out, by the federal government to the tune of $150 billion. In March, President Obama called AIG reckless and greedy for its announced plans to hand out the bonuses after accepting the taxpayer's largess.