American International Group may be denying reports that its general counsel Anastasia Kelly and four other executives threatened to quit over government-imposed pay caps. But Kenneth Feinberg, the U.S. government’s compensation czar, appears to have backed down nevertheless.
Bloomberg reported Tuesday that Feinberg will exempt some executives at the bailed-out insurer from a $500,000 salary cap, according to people familiar with the matter.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
