Prof. Daniel Greenwood in New York Daily News
Professor Daniel JH Greenwood authored the following editorial published in the New York Daily News.
Wait for AIG employees to give back bonuses? No — get them back
By Daniel JH Greenwood
New York Daily News
March 19, 2009
EXCERPT:
AIG claims it is legally required to pay enormous bonuses to employees of its financial products unit – the very crew that destroyed the company and threatened the world financial system by selling huge quantities of an insurance-like product without setting aside money to pay claims. Yesterday, CEO Edward Liddy told Congress he asked many of the bonus recipients to give half of the money back – and some have already done so.
About LawNews
LawNews To submit a news story, or request an interview with one of Hofstra Law's faculty experts, please contact Andrew Berman, assistant dean for communications, at andrew.e.berman@hofstra.edu.
Related Posts
Prof. Ronald Colombo Quoted in Financial Planning on Diversity in FINRA’s Arbitrator Pool →
Alumnus Steven Rubin ’97 Quoted in New York Times Story on Equifax Data Hack →
Prof. Julian Ku Quoted in Newsday Story on President Trump’s Upcoming 1st Speech at UN →