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November 25, 2008: AIG Sets CEO’s Salary at $1

Recently bailed-out insurance giant AIG sets the salary of its Chief Executive Officer Edward Liddy at $1 for 2008/9. It also freezes pay and scraps bonuses for its seven most senior executives. [Bloomberg, 3/5/2009] In addition, 50 more AIG executives will be locked out of pay rises in 2009. [Reuters, 4/17/2009]

Entity Tags: Edward Liddy, AIG (American International Group, Inc.)

Timeline Tags: Global Economic Crises

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