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AIG Demotes ILFC Head for Improper Relationship

Bailed-out insurer AIG on Thursday said the head of its airplane leasing unit admitted to having an inappropriate relationship with an employee, and the company demoted him and cut his salary as a result.

By Ben Berkowitz, Reuters | Updated on June 22, 2012

(Reuters) – Bailed-out insurer AIG on Thursday said the head of its airplane leasing unit admitted to having an inappropriate relationship with an employee, and the company demoted him and cut his salary as a result.

But AIG said Henri Courpron would remain chief executive of the leasing unit, ILFC, and that it was happy with his performance in the role.

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