There is now a large combine of states investigating the details of American International Group bonus compensation for executives, a spokesman for the New Jersey State Attorney General's Office said yesterday.
David Wald, speaking for Attorney General Anne Milgram, said Ms. Milgram's office had sent AIG Chief Executive Officer Edward Liddy the state Senate's demand letter seeking information about who obtained what compensation, the source of the money, copies employment contracts and holdings of executive officers.
He said it was the start of an investigation and information that New Jersey secured would be shared with the other state's attorneys general "rather than everybody jumping on." He said 19 states are involved with New Jersey.
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