AIG Sells Jets

AIG is taking the first steps of a corporate makeover. Yesterday, New York Attorney General Andrew Cuomo announced that 15 of the top 20 bonus recipients have returned the funds, amounting to $30 million. Now, ABC News reports that the insurance giant that benefited from $180 billion in taxpayer backing, has sold two luxury corporate jets and cancelled plans for two new ones. It's all part of a "comprehensive expense reduction plan," a spokesperson said. "It would be a very good thing for America for these executives to learn to fly coach," said one researcher. "In this one area at least they are setting an example for the other bailout companies to follow."