TITLE

Treasury Presses AIG on Exec Payments

PUB. DATE
October 2009
SOURCE
American Banker;10/14/2009, Vol. 174 Issue 188, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
44665692

 

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