NU Online News Service, Oct. 26, 2:33 p.m. EDT
WASHINGTON–American International Group said in a filing with the Securities and Exchange Commission that it has paid $12.1 million in past-due executive retention payments, including $4 million to four top employees.
At the same time, AIG was highly critical of a special master's decision to slash payments for its top employees by 91 percent for the remainder of the year, saying the response to "public concerns" about high compensation at companies receiving federal aid may ultimately backfire.
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