BUSINESS

AIG Turns Over List Of Bonus Recipients

AIG complied with New York Attorney General Cuomo's subpoena this afternoon and turned over the list of employees in the firm's Financial Products unit who received retention payments.

In a press release, Cuomo's office emphasized that they were sensitive to the security concerns expressed by AIG CEO Edward Liddy at yesterday's Congressional hearing. As a result, the Attorney General will be "doing a risk assessment before releasing any individual's name."

Here is the release:

ATTORNEY GENERAL CUOMO ANNOUNCES SIGNIFICANT DEVELOPMENT RELATED TO
AIG

I have received the list of AIG FP employees who received retention
payouts. Mr. Liddy testified in Congress yesterday that he intended to
comply with our subpoena and expressed concern for employee safety. Mr.
Liddy has in fact now complied with the subpoena. We are aware of the
security concerns of AIG employees, and we will be sensitive to those
issues by doing a risk assessment before releasing any individual's
name. The Attorney General's Office is a law enforcement agency and is
experienced in making these assessments.

As we perform our review, we will simultaneously be working with AIG
over the next few days to determine which employees received payments
and which chose to return the money they received.

The Attorney General's Office will responsibly balance the public's
right to know how their tax dollars are spent with individual security,
privacy rights, and corporate prerogative.

At this moment, with emotions running high, it is important that we
proceed diligently, with care, reflection, and sober judgment.

We thank AIG for their compliance.