March 14 (Reuters) - American International Group Inc:
* Chairman liddy says in letter to treasury's geithner will work to revamp
aig's bonus plan
* Senior obama administration official says treasury's geithner found aig's
bonus structure was not acceptable
* Aig's liddy says in letter to geithner will use best efforts to reduce
expected 2009 retention payments by at least 30 percent
* Aig's liddy says 25 highest paid active employees at AIG Financial products
to reduce remaining 2009 salary to $1
* Aig's liddy says all other AIG fp officers to reduce remaining 2009 salary by
10 percent
* Aig's liddy says proposing changes to 2008 bonus proposals to better align
with restructuring, repayment goals
* Aig's liddy warns geithner in letter that arbitrary changes to compensation
could hamper employee retention
* Senior obama administration official says treasury to require AIG 2008 bonus
payments to be stretched out over longer period of time
* Senior obama administration official says treasury to require AIG bonus
payments in future to be subject to progress toward asset sales
* Senior obama administration official says unacceptable for Wall street firms
receiving government assistance to hand out million dollar bonuses
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about American International Group Inc click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Chairman liddy says in letter to treasury's geithner will work to revamp
aig's bonus plan
* Senior obama administration official says treasury's geithner found aig's
bonus structure was not acceptable
* Aig's liddy says in letter to geithner will use best efforts to reduce
expected 2009 retention payments by at least 30 percent
* Aig's liddy says 25 highest paid active employees at AIG Financial products
to reduce remaining 2009 salary to $1
* Aig's liddy says all other AIG fp officers to reduce remaining 2009 salary by
10 percent
* Aig's liddy says proposing changes to 2008 bonus proposals to better align
with restructuring, repayment goals
* Aig's liddy warns geithner in letter that arbitrary changes to compensation
could hamper employee retention
* Senior obama administration official says treasury to require AIG 2008 bonus
payments to be stretched out over longer period of time
* Senior obama administration official says treasury to require AIG bonus
payments in future to be subject to progress toward asset sales
* Senior obama administration official says unacceptable for Wall street firms
receiving government assistance to hand out million dollar bonuses
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about American International Group Inc click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.