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AIG Outlines New Plan For Executive Compensation

American International Group has outlined a plan meant to retain and attract executives as it works to repay its obligation to the federal government, which owns about 80 percent of the company.

By Chad Hemenway | Updated on July 04, 2010

American International Group has outlined a plan meant to retain and attract executives as it works to repay its obligation to the federal government, which owns about 80 percent of the company.

AIG will pay top executives with what the company is calling “long-term performance units” (LTPU)–a mix of AIG hybrid securities, or debt, as well as common stock, according to a filing with the U.S. Securities and Exchange Commission.

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