The frustration Robert Benmosche may have felt at the level of government oversight of his company has been mitigated a bit, thanks to a $7 million executive compensation package, approved Tuesday by the board of American International Group Inc. (AIG). 

The agreement comes after Benmosche, AIG's CEO and former chief executive of large U.S. life insurer MetLife Inc., apparently hinted that he was tempted to quit because of frustration over the extent of governmental oversight at the company, including how much it can pay top executives, according to a Reuters report.

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