In another dust-up in American International Group's battle with the government over executive pay, The Wall Street Journal reported Monday that GC Anastasia Kelly and four other high-ranking executives had written notices that they would resign by the end of the year if the government significantly cut their compensation. An AIG spokesperson, however, said the executives never threatened to resign. Rather, they had written the notices in an effort to protect their executive severance packages.
December 08, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Anastasia Kelly, general counsel of American International Group, is at the center of another dust-up in the insurer’s ongoing battle with the government over executive pay.
The Wall Street Journal reported Monday that Kelly and four other high-ranking executives at the insurer said last week in written notices that they would resign by the end of the year if the government significantly cut their compensation.
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