The Battle Over Compensation At AIG: Round Six

by Derek Loosvelt | December 07, 2009

It didn't appear that the highest-ranking executives at AIG (minus $7 million man, CEO Bobby Benmosche) would be able to go another round after pay czar Kenny Feinberg's devastating uppercut, which put the blue and gray American International Group suits down on the canvas (below the $500,000-salary mark) in the fifth. But in the sixth, the execs came storming back, shaking off the czar's blow, and delivered a thundering series of jabs to the midsection (aka threats to quit if Kenny doesn't go back on his plan to restrict their salaries). With seconds to go in the round, they've got Kenny on the ropes and it looks like the czar might be set to throw in the towel.


AP Photo/Charles Dharapak

Filed Under: Finance


Breaking the 700 Barrier, Sponsored by Manhattan GMAT Today's Jobs in Your Area (12/07)

Vault welcomes your views. Please stay on topic and be respectful of other readers. Review our User Guidelines.

blog comments powered by Disqus

Featured Companies

Become a Vault Basic Member

Complete your Vault Profile and get seen by top employers

SALARY FINDER

SALARY FINDER

Health Service Administrator

  • $0
  • 25
  • 50
  • 75
  • 100
  • 100+
Yearly Salary Range (US$ Thousands)