Maurice "Hank" Greenberg, the former chief executive of American International Group, said the executives who recently received bonuses do not deserve them because they lost money for the company.
In an interview last night on PBS Television's "The Charlie Rose Show," Mr. Greenberg said the executives at AIG Financial Products who produced the losses should not receive money.
He said the bonus arrangement with the group was that AIG Corporation would put up a portion of money for investing and AIGFP would put up the other half. He said it is unfathomable how, after losing money, the company should be paying executives anything.
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