News of Interest

By Amy Miller
Corporate Counsel and Law.com Legal Newswire
December 08, 2009

"The Wall Street Journal reported [on Monday, December 7, 2009] that ... Anastasia Kelly, general counsel of American International Group, ... and four other high-ranking executives at the insurer said last week in written notices that they would resign by the end of the year if the government significantly cut their compensation.

"AIG spokesperson Christina Pretto, however, told Corporate Counsel that Kelly and the other executives never threatened to resign. Rather, they had written the notices in an effort to protect their rights to collect executive severance packages, which they worried new government regulations might eliminate."

To read the full article, click on the Title Line, above.

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