Andrew Cuomo's Horrible Mistake

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Unsurprisingly but still disappointingly to those of us who know the incalculable value of a good facial New York Attorney General Andrew Cuomo got on his high horse today and wrote in no uncertain terms that AIG's board must stop "unwarranted and outrageous expenditures and recover any past ones that were unreasonable. Obviously, outrageously, we all know what he's referring to. The company's retreat to the "exclusive" St. Regis Resort in Monarch Beach the week after the government bailout, during which executives spent a few thousand on "facials, manicures, and pedicures." But! Andy also goes on to ban a whole bunch of other stuff we didn't even know was going down at the insurer, including but not limited to "golf outings" and "overseas hunting parties." No hunting? No facials? You, Andy just blew AIG's chances of scoring a would-be very senior hire come November 5.
AIG Bonuses, Retreats Violate State Law, Cuomo Says [Bloomberg]
Related: AIG Canada still killing it.

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