AIG CEO Apologizes Again For Comparing Criticism Of Bonuses To Lynching
After a meeting with Maryland Congressman Elijah Cummings, Robert Benmosche said that he had "unintentionally trivialized a horrible legacy of our country. That was the opposite of my intent." But his new remarks are consistent with what he's been saying about the AIG bonuses since he took over in 2009.
Head Of AIG Apologizes For Comparing Bonus Outrage To Lynchings
In a statement to BuzzFeed, AIG Chief Executive Robert Benmosche apologized for his comments comparing outrage over executive bonuses to "what we did in the Deep South" and saying that it was "just as bad and just as wrong." Benmosche said he "never meant to offend anyone" and his comments were a "poor choice of words."
Head Of AIG Likes Comparing Critics To Lynch Mobs
Robert Benmosche, the CEO of bailed-out insurance giant AIG, told The Wall Street Journal that outrage over employee bonuses was "just as bad and just as wrong" as lynchings. Benmosche's comments echo similar ones he made in 2009. (h/t: Ryan Chittum)
Two Least Popular (With Shareholders) JPMorgan Directors To Depart Board
While shareholder activists were not able to get CEO Jamie Dimon to give up his chairmanship, they almost got David Cote and Emily Futter kicked off the board of directors. The bank announced today that they will be leaving on their own.