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Cummings calls for AIG's Benmosche to step down over comments

Cummings calls for AIG's Benmosche to step down over comments

WASHINGTON -- Rep. Elijah E. Cummings, the top-ranking Democrat on the House Committee on Oversight and Government Reform, called for the head of AIG to resign over comments he made comparing outrage over executive bonuses to lynchings that took place in the South. AIG CEO Robert Benmosche, who took over the company after it received millions in federal bailout money, told the Wall Street Journal that anger over subsequent bonuses paid to executives was "sort of like what we did in the Deep South." Attention on the bonuses, he continued, "was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that." ...

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