The Battle Over Compensation At AIG: Round Six
AP Photo/Charles Dharapak
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.