TITLE

Half of AIG's Top Execs From 2008 Are Gone

AUTHOR(S)
Hamilton, Jesse A.
PUB. DATE
December 2009
SOURCE
Best's Review;Dec2009, Vol. 110 Issue 8, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
47105713

 

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