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American International Group Inc., the insurer bailed out by the U.S. government, approved the payment of $2.6 million in previously disclosed retention bonuses to two top executives.
Chief financial officer David Herzog will receive $1 million and Kristian Moor, the chief executive of AIG’s Chartis division, will get $1.6 million, the New York-based company said in a regulatory filing Friday.
AIG authorized the payments after the Obama administration’s pay master, Kenneth Feinberg, released his review of the insurer’s proposals on executive pay.
