Pay czar should get to take back AIG bonuses, Sen. Schumer says

12/24/2009 | Bloomberg

The U.S. government's pay czar should be given the power to take back the "outrageous" bonuses given out by American International Group, said Sen. Charles Schumer, D-N.Y. A recent report shows that most of the bonus money AIG executives promised to give back has not been handed in. "This is outrageous," Schumer told Bloomberg Television. "They were supposed to return them. They said they would return them. Now many of them are not with the company."

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