3 AIG execs get bonus OK from pay czar

By doris | Published: October 23, 2009

Full Story atmoney.cnn.com

NEW YORK (CNNMoney.com) — In the end, pay czar Kenneth Feinberg’s hardest case was AIG.

The troubled insurer lobbied hard to let three of its executives keep their bonuses.

AIG told Feinberg that three executives, who were entitled to large retention payments, were particularly critical to the company’s long-term financial success and should be able to keep their bonuses.

Feinberg said Thursday that he relented in the case of AIG even though he was able to pare down similar pay clauses at the other six companies in his purview.

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