AIG limits pay of top executives
American International Group Inc. said it was limiting how much it paid its top executives, including granting a $1 salary for this year and the same for 2009 to Chief Executive Edward Liddy.
The decision is one of many broader moves made by the troubled New York-based insurer, which has been under pressure to restrict executive pay since accepting billions in government assistance to save it from collapse. AIG has received about $150 billion so far.
AIG said there would be no 2008 annual bonuses and no salary increases through 2009 for its top seven officers.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
