ProgramBusiness
 
  


  1. News Articles
  2. Related News Articles
News Article Details

AIG Trustees Ask Liddy to Develop Compensation Plan by Year-End


Posted on 12 May 2009

Facebook LinkedIn Twitter Google

American International Group Inc.'s three trustees, appointed to oversee the government's stake in the insurer, have asked Chief Executive Officer Edward Liddy to develop a new employee-compensation plan by year-end.

"The compensation program should be designed to reward long-term, sustainable value creation," the trustees said in prepared testimony to the House Committee on Oversight and Government Reform. The trustees are scheduled to testify tomorrow about the New York-based insurer.