For his work in aiding troubled American International Group regain its reputation as one of the world’s leading insurance companies while also overseeing repayment of billions in federal aid, Robert Benmosche earned $2.7 million as head of the company in 2009.

Set to dole out $195 million in bonuses to its current and former employees, American International Group is holding back $21 million owed to employees of its Financial Products unit, according to Reuters.

A reduction in salary has led a top executive at American International Group to resign, but she will receive $2.8 million in severance pay.

Reacting to “speculative media stories” about his possible departure from American International Group, CEO Robert H. Benmosche reassured the employees he is “totally committed” to the troubled insurer.

Three months to the day after he became American International Group’s CEO, Robert H. Benmosche may step down from that post amid frustrations about the insurer’s government oversight, according to a report.

A citizen watchdog group picketed in front of American International Group’s offices in Jersey City, N.J., urging the insurer to end the practice of bonuses and rescind those already given to its employees.

A day after the New York Times claimed former AIG chief executive officer Maurice “Hank” Greenberg was steering talent to his new firm, Greenberg fired back, saying employee departures could have actually been avoided under a plan he advocated.

Helping return one of the nation’s largest insurers to prominence while repaying billions in taxpayer dollars will net new American International Group CEO Robert Benmosche an annual salary of $7 …  Read →