03/18/2010 05:12 am ET Updated May 25, 2011

Benmosche, AIG CEO, Has $10.5 Million Pay Package Approved By Pay Czar

NEW YORK ( -- AIG Chief Executive Robert Benmosche's $10.5 million annual pay package has been formally approved by Obama administration pay czar Kenneth Feinberg.

According to a letter to Treasury's compensation committee dated Oct. 2, Feinberg said Benmosche's package, $4 million of which is in stock options, is comparable to that of other CEOs.

Read more on Oct. 6, 2009