American International Group agreed to send one of its senior executives to the legislature’s Banks Committee hearing tomorrow afternoon even though he wasn’t one of the 14 executives it had subpoenaed.
The co-chairmen of the Banks Committee said Stephen Blake, head of human resources for the beleaguered AIG financial products division, will offer testimony regarding the company’s compensation and bonus payment structure.
According to Sen. Bob Duff, D-Norwalk, it’s still uncertain if he will testify under oath.
Blake’s testimony was part of compromise reached by the Banks Committee co-chairmen and AIG’s legal counsel. Rep. Ryan Barry, D-Manchester, said the committee reserves the right to enforce the subpoenas on the 14 other AIG executives at any time.
Capitol Police Chief Michael Fallon said they are preparing for a large crowd because until tomorrow they won’t know how many people may attend the public hearing.
The hearing will be held at 1 p.m. in Room 2B of the Legislative Office Building and 2A has been reserved as an overflow room.
The hearing will also be broadcast live by Connecticut Networks, the state’s government and public affairs network.