Hint, hint. Anyone in Congress paying attention here? How many people really think American taxpayers are going to angry about investigating the massive bonuses paid out on Wall Street during this crisis period? Socialism for CEOs is hardly popular outside of Wall Street. Let's see how Lehman explains away a few billion in bonuses amongst friends, even after bankruptcy.
Now some of the same legal questions raised in AIG's case might also be applied to Lehman Brothers, the people said.
Speaking to reporters on Wednesday, Cuomo suggested his office would investigate similar payments at other companies, although he declined to identify companies or individuals.
"It is not just compensation but incentives, perverse incentive for executives to produce short-term profit rather than long-term growth,'' Cuomo said.
Cuomo's office declined further comment, citing its policy surrounding ongoing investigations. A Lehman spokeswoman also declined to comment.
