American International Group Incis preparing to pay its departing general counsel several million dollars in severance after she resigned over federal pay curbs, the Wall Street Journal reported on Monday.
The insurer determined that Anastasia Kelly was entitled to the money under the company's severance plan, whose terms say certain executives can resign and collect severance if their pay is reduced significantly, the Journal reported, citing people familiar with the matter.
Tuesday, December 29, 2009
Another multi-million dollar payout at AIG?
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