Do these knuckleheads ever stop? No wonder AIG is in bankruptcy, the highly paid executives are too busy getting manicures and flying to England to go “Partridge” hunting. WTF?

Fortunately, New York Attorney’s State General, Andrew M. Cuomo is putting a stop to this nonsense. Party time is over boys.

New York Times Reports:

American International Group agreed Thursday to help the New York State attorney general’s office recover tens of millions of dollars in improper expenditures, including compensation given to two former top executives.

A.I.G. also agreed to cancel a $10 million severance package for its former chief financial officer, Steven J. Bensinger. He was replaced on Thursday by the giant insurance company’s comptroller, David L. Herzog.

Mr. Cuomo, in a letter to A.I.G.’s board on Wednesday, assailed the company for allowing executives to take golf and hunting trips after the government extended an initial $85 billion line of credit to the company. A handful of A.I.G. officials flew to England on a private jet for a partridge hunt that reportedly cost about $90,000. The use of the plane cost about $17,000, according to a person familiar with Mr. Cuomo’s investigation.

Mr. Cuomo noted in his letter that Mr. Sullivan and Mr. Cassano were paid millions of dollars even as A.I.G.’s losses were mounting.

“The board awarded its chief executive officer a cash bonus of over $5 million and a golden parachute worth $15 million,” Mr. Cuomo wrote. “Similarly, in February 2008, a top-ranking executive who was largely responsible for A.I.G.’s collapse was terminated, but still permitted by the board to keep $34 million in bonuses. This same individual apparently continued to receive $1 million a month from the company until recently.”

This is absolutely ridiculous. Now we know why our country is in a financial mess. We have immature frat boys at the helm, using corporate money as a personal piggy bank. Stay tuned for the other shoe to drop, I’m sure there’s more drama to follow.