Washington
American International Group 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, warning the response to "public concerns" about high compensation at firms receiving federal aid may ultimately backfire.
The response came in a retention payment disclosure filed with the SEC in reaction to a document released by Special Master Kenneth Feinberg slashing cash compensation to the top-25 AIG employees as part of his authority under the Troubled Asset Relief Program.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
