New York Attorney General Andrew says he hopes American International Group Inc. will set a new standard for corporate culture at financial services firms that are getting help from the government.
Cuomo has released a copy of a letter that he sent today to AIG Chairman Edward Liddy.
In the letter, Cuomo says he is writing to confirm that AIG, New York, has agreed to freeze any payments owed under a $19 million contract with Martin Sullivan, a former AIG chief executive.
Cuomo also asks for confirmation that AIG has agreed that no payments will be made out of the $600 million compensation and bonus pools associated with the AIG Financial Products Corp. subsidiary.