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Litigation

Mar. 27, 2009

Ex-AIG Exec Sues Over Bonus

While American International Group Inc. executives who received $165 million in post-bailout bonuses stay largely out of public view to avoid angry taxpayers, a former company leader is in front of a jury, arguing he was cheated out of more than $14 million in compensation by his former bosses.

By Cortney Fielding
Daily Journal Staff Writer

LOS ANGELES - While American International Group Inc. executives who received $165 million in post-bailout bonuses stay largely out of public view to avoid angry taxpayers, a former company leader is in front of a jury, arguing he was cheated out of more than $14 million in compensation by his former bosses.

Alan Fair, a former vice president of AIG SunAmerica's Affordable Housing Partners division, c...

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