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Pay czar Feinberg pressed to ease AIG pay restrictions

Posted Nov 24th 2009 1:00PM by Zac Bissonnette (RSS feed)
Filed under: Management, Amer Intl Group (AIG)

While Timothy Geithner gets deservedly raked over the coals for handling the America International Group (AIG) "negotiations" with kid gloves, federal officials are pressuring executive pay czar Kenneth Feinberg to ease pay restrictions on the company for the year 2010.

The concern is that tight pay restrictions, while politically popular, might hurt AIG's ability to attract and retain competent people -- thereby putting the taxpayers' long-term investment in the company at even greater risk.

Continue reading Pay czar Feinberg pressed to ease AIG pay restrictions

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