Oct 23 (Reuters) - American International Group Inc, in regulatory filing:
* Has or will pay $12.1 million in retention awards already promised to exec
officers -filing
* Says making payments after US pay czar approval -filing
* Says CFO Herzog paid retention award of $1 million -filing
* Says executive Moor paid retention award of $1.6 million -filing
* Pay restrictions may adversely affect ability to retain, motivate highest
performing employees -filing
* Inability to retain, motivate high-performing employees may impact ability to
stabilize business -filing
* Inability to retain, motivate high-performing employees may impact ability to
execute asset disposition plan -filing
* Inability to retain, motivate high-performing employees may impact ability to
make required SEC filings -filing
((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.
* Has or will pay $12.1 million in retention awards already promised to exec
officers -filing
* Says making payments after US pay czar approval -filing
* Says CFO Herzog paid retention award of $1 million -filing
* Says executive Moor paid retention award of $1.6 million -filing
* Pay restrictions may adversely affect ability to retain, motivate highest
performing employees -filing
* Inability to retain, motivate high-performing employees may impact ability to
stabilize business -filing
* Inability to retain, motivate high-performing employees may impact ability to
execute asset disposition plan -filing
* Inability to retain, motivate high-performing employees may impact ability to
make required SEC filings -filing
((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.