Reply #9: Action on AIG unit may cost taxpayers - WSJ

[ozymandius]

April 13 (Reuters) - The controversy surrounding American International Group Inc's (AIG.N: Quote, Profile, Research) bonuses to employees could make the process of winding down the insurer's financial products unit more costly for taxpayers, the Wall Street Journal cited the unit head Gerry Pasciucco as saying.

Pasciucco told the paper that the controversy "hurt morale" and "stunned people such that our wind-down has slowed down."

"Taxpayers probably have been damaged," Pasciucco told the Journal, adding that 20 of the unit's 370 employees quit amid the controversy.

http://uk.reuters.com/article/marketsNewsUS/idUKBNG47817520090413