AIG says no 2008 bonus for top execs
Tue Nov 25, 2008 1:17pm EST
By Lilla Zuill
NEW YORK (Reuters) - American International Group Inc Chief Executive Edward Liddy will receive $1 in salary this year and next, and there will be no 2008 bonuses for the company's seven most senior executives, the troubled insurance conglomerate said on Tuesday.
Fifty more AIG executives will be locked out of pay raises in 2009, AIG said in a statement.
Tuesday, November 25, 2008
ANOTHER FINANCIAL COMPANY SEES THE LIGHT
With the addition of AIG, that makes at least 4 firms that were involved in the Big ShitPile have decided to forego obscene executive pay or bonuses.
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