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3 AIG execs get big bonus OK from pay czar Oct. 22, 2009

3 AIG execs get big bonus OK from pay czar Oct. 22, 2009.    Pay czar Kenneth Feinberg gave a special exception to three AIG executives but strips away bonuses from many others.    See all CNNMoney.com , CNNMoney.com staff writer Pay czar Kenneth Feinberg said AIG had "one very thorny situation."   

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3 AIG execs get big bonus OK from pay czar Oct. 22, 2009
produced on 10/23, 12:04 PM

2% Summary
3 AIG execs get big bonus OK from pay czar Oct. 22, 2009 (5:1)    Pay czar Kenneth Feinberg gave a special exception to three AIG executives but strips away bonuses from many others. (5:2)    See all CNNMoney.com , CNNMoney.com staff writer Pay czar Kenneth Feinberg said AIG had "one very thorny situation." (5:3)    AIG told Feinberg that three executives, who were entitled to large retention payments, were particularly critical to the company's long-term financial success and should be able to keep their bonuses. (5:11)    Even though those bonuses fall outside his jurisdiction, Feinberg has the ability to issue recommendations on bonuses that were contracted before February 2009. from Neil Barofsky, the special inspector general of the $700 billion bailout program, Feinberg has recommended to AIG that the full $198 million not be paid out in full. (5:41)   

Feinberg did not detail how he plans to tackle the politically sensitive issue of nearly $200 million in bonuses due in March to employees at AIG Financial Products, the unit whose complex derivatives contracts led to the collapse of AIG last fall. (2:20)    Wall Street feels wrath of man on the street with exec pay cuts (3:1)    Key points of the rulings by Kenneth Feinberg, the special master for executive compensation in the Treasury's $700 billion Troubled Asset Relief Program. (3:3)   

Treasury orders bailedout firms to slash exec pay in Nov. (4:1)    Feinberg got the job as pay czar earlier this year when Congress, responding to outrage about huge bonuses being paid to AIG, amended the bailout law to require that executive compensation at companies getting exceptional assistance be curbed. (4:36)   

Summaries of all documents:     [2%]   [5%]   [10%]   [20%]   

  Cluster Documents
  1.  3 AIG execs get big bonus OK from pay czar Oct. 22, 2009   [Cached]   [money.cnn.com]   [Use As Seed]
  2.  Many Bailed Out Execs Flee Before Pay Cuts   [Cached]   [www.cbsnews.com]   [Use As Seed]
  3.  Wall Street feels wrath of man on the street with exec pay cuts   [Cached]   [www.usatoday.com]   [Use As Seed]
  4.  Treasury orders bailedout firms to slash exec pay in Nov.   [Cached]   [www.usatoday.com]   [Use As Seed]
  5.  3 AIG execs get big bonus OK from pay czar Oct. 22, 2009   [Cached]   [money.cnn.com]   [Use As Seed]
  6.  Wall Street feels wrath of man on the street with exec pay cuts   [Cached]   [www.usatoday.com]   [Use As Seed]
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