Treasury Presses AIG on Exec Payments

October 2009
American Banker;10/14/2009, Vol. 174 Issue 188, p16
Trade Publication
The article reports that U.S. Treasury Department official Kenneth Feinberg has told American International Group Inc. (AIG) that it should reduce $198 million in retention compensation it plans to give employees. Treasury is also trying to recover $45 million in such payments AIG has already made. Neil Barofsky of the Treasury reports just $19 million has been retrieved so far.


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