Kenneth Feinberg, the Obama administration’s “pay tsar”, has signalled a tough stance on executive pay at AIG, the state-controlled insurer that sparked outrage over bonus payments earlier this year. Feinberg has raised concerns inside and outside AIG by asking the company to alter some pay plans – triggering fears that a crackdown could prompt the departure of key AIG executives, further harming the company’s prospects and chances of repaying public funds.

This entry was posted by Gwen Robinson on Monday, October 12th, 2009 at 4:50 and is filed under Capital markets, People. Tagged with aig, Kenneth Feinberg. Edit this entry.