Andrew Kaslow, AIG’s chief human resources officer and member of the senior executive committee, has left the oft-maligned insurer, according to a Reuters.
The news outlet reports that the vacancy leaves a hole within AIG's management ranks at a time when it is sparring with the Obama administration's pay czar Kenneth Feinberg over executive compensation.
In October 2009, INN reported that Feinberg was to review bonus payment deals cut before last year’s Troubled Asset Relief Program (TARP) rescue plan went into effect. Those deals set off public criticism of the carrier and its policies, in spite of the fact that they are considered pre-existing contracts. And it posed problems for the federal government, unable to wrangle free of the legal implications involved in such transactions.
A source “familiar with developments,” told Reuters that AIG CEO Robert Benmosche has a candidate in mind for the position and that is possible he would recruit a former colleague from MetLife.
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