AIG Says It Will Try Harder To Cut Costs, Begins By Canceling $10 Million Severance Package

AIG Says It Will Try Harder To Cut Costs, Begins By Canceling $10 Million Severance Package

AIG has been repeatedly called on the carpet over the past week or so for indefensible “business as usual” expenditures—a lavish corporate retreat, an executive hunting trip, and severance packages costing tens of millions of dollars. Now, after a meeting with NY Attorney General Andrew Cuomo, they’ve announced they’ll start trying harder to monitor and stomp out unnecessary expenses.