If, in the years to come, AIG CEO Edward Liddy thinks back to Mar. 18, 2009, there won't be any fond memories. Even before the news his company had paid out $165 million in bonuses, Liddy was scheduled to testify before a House subcommittee today. Now, with outrage at AIG dominating the news and showing no signs of diminishing, its chief executive faces a very rough few hours at the hands of committee members eager for time in the spotlight and willing to turn him in to a human piñata to get it.
Insurance giant American International Group will award hundreds of millions of dollars in employee bonuses and retention pay despite a confrontation Wednesday between the chief executive and Treasury Secretary Timothy F. Geithner.
