Biz, U.S.: AIG’s CEO has an explanation for the bonuses
- We have to continue managing our business as a business – taking account of the cold realities of competition.
- AIG CEO Edward Liddy • On why they have to give out the bonuses. Essentially, as was suggested yesterday in this editorial, AIG needs to give out the bonuses to retain their employees. He’s telling this to congress right now, by the way. • source