Alec Baldwin Foundation Calls for AIG Boycott

AIG suing America altered advertisement

Alec Baldwin may no longer be on Twitter, but his Alec Baldwin Foundation is keeping busy on the social networking site. On Tuesday, ABFoundation tweeted a plea for fans to boycott American International Group, best known as AIG.

The tweet, “Boycott AIG and anyone they do business with to the extent that you can,” followed a reposting of a January 7 article from The New York Times explaining how the massive insurer may join a $25 billion shareholder lawsuit filed by former AIG chief executive Maurice R. Greenberg against the U.S. government, which bailed out the company from financial ruin to the tune of $182 billion in 2008.

The AIG board is scheduled to meet tomorrow and decide whether or not to join the lawsuit, according to The New York Times, which sourced court records. The lawsuit complains that the government took what was eventually a 92 percent stake in AIG, and contends that it deprived shareholders of billions of dollars, while also violating the Fifth Amendment, which does not allow the government to take private property for “public use, without just compensation.”

AIG has been running “Thank You, America” advertisements nationwide since paying back the bailout money. It seems many Alec Baldwin Foundation fans agree that the company has a funny way of showing gratitude. Baldwin’s foundation tweeted its message at 8:30 a.m. Tuesday and it was retweeted about 120 times by the end of the workday.

Click here to read the complete story, “Rescued by a Bailout, A.I.G. May Sue Its Savior,” in The New York Times.

A followup The New York Times story, “Examining the Terms of AIG’s Bailout,” can be viewed here.

See ABFoundation‘s tweets and an AIG commercial thanking America below…

Screenshot of tweets by Alec Baldwin's ABFoundation about boycotting AIG
Tweets about boycotting AIG by Alec Baldwin’s ABFoundation

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