AIG CEO Edward Liddy: We’ll ask the bonus recipients to give half the money back.
Late Update: If being paid a $1 a year as CEO shields Liddy from serious criticism and being held accountable, then let’s pay the guy a real salary. It’d be worth a million a year of taxpayer money not to have to watch congressmen pandering to Liddy’s sanctimony.
Later Update: Some more about Liddy. He was on the board of Goldman Sachs before becoming AIG’s CEO. Before that, he was CEO of Allstate from 1999-2006. And this I didn’t know: He was CFO under Donald Rumsfeld at Searle back in the 1980s when Rummy was CEO.