Litigation
Apr. 16, 2009
Another AIG Executive Has His Bonus Denied, This Time by a Jury
A jury Tuesday quashed a former AIG executive's bid to collect millions from the company he claimed cheated him out an eight-figure retention bonus - money he said he earned after spending a decade securing tax credits for the insurance and financial services giant to sell on the open market.
Daily Journal Staff Writer LOS ANGELES - A jury Tuesday quashed a former AIG executive's bid to collect millions from the company he claimed cheated him out an eight-figure retention bonus - money he said he earned after spending a decade securing tax credits for the insurance and financial services giant to sell on the open market. The panel found AIG SunAmerica was never contractually obligated to pay the jilted former senio...
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