Monday, July 20, 2009

 

Ernst & Young’s Maximum Pay for AIG Advice Swells

Ernst & Young LLP may earn as much as $60 million advising the Federal Reserve Bank of New York on the dismantling of American International Group Inc., an increase of 50 percent from the initial agreement... The accounting firm is billing discounted rates to the New York Fed, including $775 per hour for work done by partners or executive directors...

Bloomberg: Ernst & Young’s Maximum Pay for AIG Advice Swells

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