AIG Executive Says Bonus Controversy Hurt Morale
April 13, 2009 at 17:29 PM EDT
In an interview with The Wall Street Journal, head of the financial products unit Gerry Pasciucco claimed that controversy over American International Group's (NYSE: AIG) bonuses hurt morale and slowed the process of unwinding its portfolio. Shares of the troubled insurer soared 26 cents to close at $1.42.
