AIG Director Behind Bonuses Must Go: Investors

Law360, New York (April 1, 2009, 12:00 AM EDT) -- Union officials and the treasurer for the state of Connecticut have called on the trustees of the $85 billion taxpayer share in American International Group Inc. to oust the AIG director who helped authorize bonuses to the company's executives, who the investors claim should bear the blame for massive credit default swap losses.

On Tuesday, the president of the American Federation of State, County and Municipal Employees; the secretary treasurer for the AFL-CIO; and the Connecticut treasurer called for the removal of AIG director James Orr...
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