Half of AIG's Top Execs From 2008 Are Gone

Hamilton, Jesse A.
December 2009
Best's Review;Dec2009, Vol. 110 Issue 8, p10
Trade Publication
The article reports that half of the 25 executives of American International Group Inc. (AIG) in the U.S. from 2008 have left the company. A memorandum from the Department of Treasury has stated that head officials of AIG from the year will have a 91% reduction in cash pay. Kenneth Feinberg of the Troubled Asset Relief Program (TARP) states that a base salary of more than 500,000 dollars per year is not allowed for senior executives.


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