As always, hindsight is a great tool for CYA – especially with the former AIG CEO. He now says (even though more or less on his watch is when the bonus contracts were created) he would not have paid them. That is basically authorising fraudulent spending, then saying you wouldn’t have really done that. I’m sure if you look down his history of actions you may find that well, he would have done that. It’s easier to take the good-guy side when you are no longer under the pressure of shareholders.
Click Here for the article from Workforce.comto get a run-down on the former CEOs opinion of the current AIG situation as posted on their site.
-Lawrence C
IT Tech (ciilink.com)
Corporate Investigations Inc 