Several former American International Group employees might sue the insurer after it gave them less retention bonus money than they should have received, Reuters reported , citing the employees' lawyers. As The New York Times reported Monday , A. I. G. is planning to hold back $21 million in retention bonuses for employees of its Financial Products unit in the hope that the move will put to rest a controversy that has plagued the insurer ever since its government rescue in the fall of 2008. The insurer is asking former employees who are eligible for the payout what they earned after leaving A. I. G so it can reduce the retention bonus payments by that amount, Gary Phelan, a partner at law firm Outten & Golden, which represents eight current and former employees, told Reuters. 
Share:  Several former <span class="company">American International Group</span> employees might sue the insurer after it gave them less retention bonus money than they should have received, Reuters reported , citing the employees' lawyers. As The New York Times reported Monday , A. I. G. is planning to hold back $21 million in retention bonuses for employees of its Financial Products unit in the hope that the move will put to rest a controversy that has plagued the insurer ever since its government rescue in the fall of 2008. The insurer is asking former employees who are eligible for the payout what they earned after leaving A. I. G so it can reduce the retention bonus payments by that amount, Gary Phelan, a partner at law firm Outten & Golden, which represents eight current and former employees, told Reuters. Tweet this 

American International Group Inc ( AIG , Analyst Report ) will hold back $21 million in retention bonuses to its former employees, according to a Wall Street Journal report. The company, which will pay out $46 million today in retention bonuses to about 70 employees, both former and current, has made the cut to meet a target imposed by Kenneth Feinberg, the U. S. Treasury Department's compensation czar. The payout will go to the employees of its financial products unit. 
Share:  <span class="company">American International</span> Group Inc ( AIG , Analyst Report ) will hold back $21 million in retention bonuses to its former employees, according to a Wall Street Journal report. The company, which will pay out $46 million today in retention bonuses to about 70 employees, both former and current, has made the cut to meet a target imposed by Kenneth Feinberg, the U. S. Treasury Department's compensation czar. The payout will go to the employees of its financial products unit. Tweet this 

The American International Group will pay about $46 million in retention bonuses on Monday, or about 30 percent less than previously scheduled, a person with direct knowledge of the arrangements said, Mary Williams Walsh reported in The New York Times. Officials at A. I. G are hoping that by holding back $21 million in bonuses they will put to rest a controversy that has plagued the insurer ever since its government rescue in the fall of 2008. A. I. G also hopes the cuts will satisfy the Treasury's special master for compensation, Kenneth R. Feinberg, who has said that the insurer's current and former employees should keep a pledge to return $45 million of a previous round of bonuses. The bonuses in question were contractually granted early in 2008, months before the bailout, and were scheduled to be paid over two years. 
Share:  The <span class="company">American International Group</span> will pay about $46 million in retention bonuses on Monday, or about 30 percent less than previously scheduled, a person with direct knowledge of the arrangements said, Mary Williams Walsh reported in The New York Times. Officials at A. I. G are hoping that by holding back $21 million in bonuses they will put to rest a controversy that has plagued the insurer ever since its government rescue in the fall of 2008. A. I. G also hopes the cuts will satisfy the Treasury's special master for compensation, Kenneth R. Feinberg, who has said that the insurer's current and former employees should keep a pledge to return $45 million of a previous round of bonuses. The bonuses in question were contractually granted early in 2008, months before the bailout, and were scheduled to be paid over two years. Tweet this 

Mr. Benmosche was not personally involved in the negotiations, AIG confirmed. Cathy Seifert, an equities analyst with Standard & Poor's Corp in New York, said the ALICO deal has "earned AIG a lot of credibility in the eyes of the government to be able to pay off a significant amount of their obligation to the government." It is "good for the company, and I think that it's good for the company's relationships with Washington," she said. "It's another step in the right direction of paying back the taxpayer," said Bill Bergman, an analyst with Morningstar Inc in Chicago. 
Share:  Mr. Benmosche was not personally involved in the negotiations, <span class="company">AIG</span> confirmed. Cathy Seifert, an equities analyst with Standard & Poor's Corp in New York, said the ALICO deal has "earned <span class="company">AIG</span> a lot of credibility in the eyes of the government to be able to pay off a significant amount of their obligation to the government." It is "good for the company, and I think that it's good for the company's relationships with Washington," she said.<span class="sent"> "It's another step in the right direction of paying back the taxpayer," said <span class="analyst">Bill Bergman</span>, an analyst with Morningstar Inc in Chicago.</span> Tweet this 

IG will take a fresh look at their divestiture strategy." Mark Rouck, a Chicago based analyst with Fitch Ratings, said AIG's next big cash generators could be the sale of $19.2 billion in Prudential and MetLife securities that AIG acquired with the AIA and ALICO deals, which it plans to sell over time. Mr. Ward said if those holdings remain strong and appreciate in value, they alone would be "tremendous upside opportunities for AIG, which is only enhanced by waiting out the full recovery of the capital markets." 
Share:  IG will take a fresh look at their divestiture strategy."<span class="sent"> <span class="analyst">Mark Rouck</span>, a Chicago based analyst with Fitch Ratings, said <span class="company">AIG</span>'s next big cash generators could be the sale of $19.2 billion in Prudential and MetLife securities that <span class="company">AIG</span> acquired with the AIA and ALICO deals, which it plans to sell over time.</span> Mr. Ward said if those holdings remain strong and appreciate in value, they alone would be "tremendous upside opportunities for <span class="company">AIG</span>, which is only enhanced by waiting out the full recovery of the capital markets."...IG will take a fresh look at their divestiture strategy."<span class="sent"> <span class="analyst">Mark Rouck</span>, a Chicago based analyst with Fitch Ratings, said <span class="company">AIG</span>'s next big cash generators could be the sale of $19.2 billion in Prudential and MetLife securities that <span class="company">AIG</span> acquired with the AIA and ALICO deals, which it plans to sell over time.</span> Mr. Ward said if those holdings remain strong and appreciate in value, they alone would be "tremendous upside opportunities for <span class="company">AIG</span>, which is only enhanced by waiting out the full recovery of the capital markets." Tweet this 

AIG Is Said to Query Bonus Holdouts in Push for $45 Million of Concessions (Bloomberg). The insurer mailed questionnaires this month to ex workers at the Financial Products unit asking whether they'd earned income after leaving AIG, said the people, who declined to be identified because the negotiations are private. Under the program, compensation earned by former AIG staff in 2009 from another employer would lower payouts to be delivered next week from the New York based company, the people said. 
Share:  <span class="company">AIG</span> Is Said to Query Bonus Holdouts in Push for $45 Million of Concessions (Bloomberg). The insurer mailed questionnaires this month to ex workers at the Financial Products unit asking whether they'd earned income after leaving <span class="company">AIG</span>, said the people, who declined to be identified because the negotiations are private. Under the program, compensation earned by former <span class="company">AIG</span> staff in 2009 from another employer would lower payouts to be delivered next week from the New York based company, the people said. Tweet this 

When I want to know what potential a financial company has to earn profits and manage its risk, I listen to a few experts and one of my favorites is Christopher Whalen of Institutional Risk Analytics. In an interview on st with Southern California Public Radio station KPCC, Whalen talked about the line that AIG walks when it succumbs to public pressure to repay the U. S government by selling valuable assets: . "It's a good thing, but these are some of the best assets that AIG has so I'm not sure we're going to see anything like the proceeds that we need for the government to be paid back in full," he said. "Once you sell the Asian business, which, as I say, is one of the most attractive businesses they have, and you lose that cash flow you lose, that revenue what's left is going to be worthless, by definition," Whalen said. And since AIG still hasn't returned to profitability and may not for some time, what is it investors are buying? 
Share:  <span class="sent">When I want to know what potential a financial company has to earn profits and manage its risk, I listen to a few experts and one of my favorites is <span class="analyst">Christopher Whalen</span> of Institutional Risk Analytics.</span> In an interview on st with Southern California Public Radio station KPCC, Whalen talked about the line that <span class="company">AIG</span> walks when it succumbs to public pressure to repay the U. S government by selling valuable assets: . "It's a good thing, but these are some of the best assets that <span class="company">AIG</span> has so I'm not sure we're going to see anything like the proceeds that we need for the government to be paid back in full," he said. "Once you sell the Asian business, which, as I say, is one of the most attractive businesses they have, and you lose that cash flow you lose, that revenue what's left is going to be worthless, by definition," Whalen said. And since <span class="company">AIG</span> still hasn't returned to profitability and may not for some time, what is it investors are buying? Tweet this 

Taiwan's financial regulator has set five conditions for the American International Group Inc.'s ( ) Nan Shan deal, according to Reuters. The Financial Supervisory Commission (FSC) is expected to give a report to Taiwan's parliament this Thursday. Last October, AIG agreed to sell its Taiwan life insurance company, Nan Shan Life, to China Strategic and Hong Kong based financial services firm Primus Financial. 
Share:  Taiwan's financial regulator has set five conditions for the <span class="company">American International</span> Group Inc.'s ( ) Nan Shan deal, according to Reuters. The Financial Supervisory Commission (FSC) is expected to give a report to Taiwan's parliament this Thursday. Last October, AIG agreed to sell its Taiwan life insurance company, Nan Shan Life, to China Strategic and Hong Kong based financial services firm Primus Financial. Tweet this