Cummings Calls for Resignation of AIG CEO: AIG Head Equates Criticism of Corporate Bonuses with Lynching in Deep South
FOR IMMEDIATE RELEASE
Washington, DC (Sept. 24, 2013)—Today, Rep. Elijah E. Cummings, top Democrat on the House Committee on Oversight and Government Reform, issued a statement in response to a statement by Robert Benmosche, the CEO of American International Group (AIG), asserting that criticism of AIG’s excessive bonuses during the nation’s financial crisis in 2008 “was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that—sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong.”
To read the full Statement on the Committee on Oversight and Governmnet Reform website, click here.