AIG CEO Apologizes To Cummings For Lynching Remark

Source: Zachary Warmbrodt / Politico

American International Group Chief Executive Robert Benmosche met with Rep. Elijah Cummings on Friday to apologize for comparing the outrage over employee bonuses paid by the bailed out insurer to lynchings that occurred in the South decades ago.

Benmosche told the Wall Street Journal in September that the uproar over bonuses handed out in March 2009 “was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that — sort of like what we did in the Deep South.”

Following the interview’s publication, Cummings, the top Democrat on the House Oversight Committee that investigated the bonuses, immediately called on Benmosche to resign.

“In our meeting, I apologized for my reference to the South and the impact that it had on him and others,” Benmosche said in a statement released on Friday.

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  • DeHoll53

    Some people will say anything to generate headlines and then offer tepid apologies that wind up buried if reported at all. We know what the devil he was thinking. If he is sincere, then let him post his apology on a few billboards or run full page ads in major daily papers. Spend a little money to let us know you’re truly sorry.