A.I.G To Help NY Atty General Recover Millions In Executive Pay

11/16/2008 05:12 am ET | Updated May 25, 2011
  • Andrew Ross Sorkin New York Times

American International Group agreed Thursday to help the New York State attorney general's office recover tens of millions of dollars in improper expenditures, including compensation given to two former top executives.

A.I.G. also agreed to cancel a $10 million severance package for its former chief financial officer, Steven J. Bensinger. He was replaced on Thursday by the giant insurance company's comptroller, David L. Herzog.

Read more on New York Times

YOU MAY LIKE