Thursday, February 09, 2012
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2. Tim Geithner is praying there's a "bigger sucker" out there
 
3. Classic article shows Paul Krugman has absolutely no credibility
 
1. Richard Russell: This could be 2012's "market moving" event
 
2. Porter Stansberry: These facts show the "End of America" is coming
 
3. New report reveals Federal Reserve president owns millions in gold and platinum
 
4. Military insider: The Pentagon is lying about Afghanistan
 
5. This morning's "fantastic" jobs report is hiding some shocking news
 
AIG wants to steal charity money to pay employee bonuses
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Monday, June 01, 2009
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From Dealbreaker:

AIG, which apparently no longer has a PR division on payroll, or even an enterprising young intern to say, "This will not look good," is seeking to gain control of a $490 million charitable endowment in order to pay out bonuses, as well as a clawback of $27 million already donated to the elderly and other people in need.

The endowment--Starr International Foundation-- is a subsidiary of Starr International Co, which was started by Hank Greenberg in the 1970s. Starr is technically unaffiliated with AIG though it was set up "to reward AIG executives off the books," and seeded with Greenberg and other co-founders' shares to "pay dividends and build up nest eggs and bonuses for retiring executives."

Read full article...

More on AIG:

I quit: Leaked internal AIG e-mail

Another $30 billion of your money for AIG

AIG chief urged employees to send money to Senator Chris Dodd


Topics: AIG | Boondoggle
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