The New York Times tells the tale of AIG executives who are being harassed in their homes, including one Douglas L. Poling – who received the biggest bonus of them all, $6.4 million. The Times describes Poling as “an executive vice president for energy and infrastructure investments” who thinks returning the bonus “was the correct thing to do.” Poling
has lived in the same house on a dead-end street in Fairfield for 11 years. The local papers say that he and his wife have given generously to a homeless shelter, to the Westport Country Playhouse and the Fairfield Country Day School, a boys’ prep school where tuition runs as high as $29,300 a year.But on Thursday, his house, like Mr. Haas’s, was being watched by private security guards.
The New York State Bar knows him as attorney number 2062677. He has been a member since 1986 and is a graduate of Yale Law.
According to at least one SEC filing (relating to the LBO of Kinder Morgan), Poling was Executive Vice President, Chief Administrative Officer, General Counsel and Secretary of AIG Financial Products Corp. In that filing, AIGFP’s business is described as engaging in
standard and customized interest rate, currency, equity, commodity, energy and credit products with counterparties throughout the world and also raises funds through municipal reinvestment contracts and other private and public security offerings, investing the proceeds in a diversified portfolio of high grade securities and derivative transactions
If it were us, we’d keep the money – although we think Geithner is an idiot for paying it out in the first place. Then again, Poling’s father was CEO of Ford, so he’s probably not as strapped for cash.
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your sleuthing never ceases to amaze.