Insurance Resources » Pay Czar

‘Pay Czar’ Cuts Exec Pay at Five Bailed-Out Firms

ike5266 — Wed, 24 Mar 2010 23:53:11 +0000

Executives at five large corporations that accepted U.S. taxpayer bailout dollars must take an average 15 percent pay cut in 2010.

AIG General Counsel Resigns Over Restricted Pay

ike5266 — Thu, 31 Dec 2009 19:42:58 +0000

Dec. 31, 2009 – The general counsel and vice chair for struggling insurer American International Group (AIG) has resigned due to pay restrictions imposed by President Barack Obama’s “pay czar.” Anastasia Kelly, 60, this week resigned from AIG for “good reason” and will receive a $3.8 million severance package. Kelly joined the firm in 2006 as [...]

‘Pay Czar’ Approves $4.3 Million Bonus for AIG Exec

ike5266 — Wed, 30 Dec 2009 19:29:40 +0000

An unidentified executive at struggling American International Group (AIG) will receive a bonus equal to nearly 10 times his annual salary after President Barack Obama’s “Pay Czar” recently approved the additional pay.

‘Pay Czar’ Okays AIG Retention Bonuses, Limits Executive Pay

ike5266 — Mon, 14 Dec 2009 20:41:39 +0000

President Barack Obama’s “Pay Czar,” Kenneth Feinberg, recently announced pay restrictions for the next 75 highest-paid American International Group (AIG) executives but also approved controversial retention pay bonuses for “critical” employees.

AIG’s Top Executive Threatens to Quit, Recants Over Executive Pay

ike5266 — Tue, 17 Nov 2009 00:50:57 +0000

Barely a month after receiving approval for an executive compensation package valued at up to $10.5 million per year, the newest chief executive officer of taxpayer-rescued American International Group (AIG) last week threatened to quit and later recanted over potential federal limitations on executive pay at firms rescued by U.S. taxpayers.

Obama’s ‘Pay Czar’ Slashes Executive Pay at AIG, Others

ike5266 — Fri, 23 Oct 2009 21:07:18 +0000

Obama’s ‘Pay Czar’ Slashes Executive Pay at AIG, Others

Less than a month after approving a $10.5 million compensation package for AIG's newest CEO, President Obama's "Pay Czar" has approved reducing executive pay at AIG and other firms by up to 90 percent.