Washington
American International Group was highly critical of a specialmaster's decision to slash payments for its top employees by 91percent for the remainder of the year, warning the response to"public concerns" about high compensation at firms receivingfederal aid may ultimately backfire.
The response came in a retention payment disclosure filed withthe SEC in reaction to a document released by Special MasterKenneth Feinberg slashing cash compensation to the top-25 AIGemployees as part of his authority under the Troubled Asset ReliefProgram.
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