AIG Said to Give Top Lawyer $3.8 Million in Severance (Update2)
By Hugh Son, December 31, 2009, 05:04 PM EST
Dec. 31 (Bloomberg) -- American International Group Inc. general counsel Anastasia Kelly, who resigned after a dispute over government-imposed pay limits, will collect about $3.8 million in severance, said people familiar with the matter.
AIG concluded that Kelly, 60, was owed the money after the New York-based insurer hired a law firm to review her conduct, according to the two people, who declined to be identified because the company hasn’t disclosed the severance decision. Kelly resigned for “good reason” after her salary was cut, AIG said yesterday in a statement. Suzanne Folsom, the insurer’s chief compliance officer, also left, AIG said.