AIG Exec Gets $4M Raise

Windfalls

Updated Apr. 25, 2017 11:25AM ET / Published Dec. 22, 2009 1:27AM ET

Who needs bonuses when you can get a raise? Pay czar Kenneth Feinberg has approved a raise for an AIG executive that will give him or her over $4 million on top of a base salary of $450,000. The pay package includes stock options currently worth $3.26 million and additional incentive award of up to $1 million. Feinberg said he approved the package so it would be comparable to those that other executives at AIG receive. The executive had been planning to leave the company.

Read it at Associated Press

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