Benmosche, American International Group’s (AIG) CEO To Stay Put

Frustrations on compensation aside, American International Group Inc.’s (NYSE: AIG) CEO says that he is with the employees as AIG takes on post-slowdown challenges .

Earlier, WSJ wrote that Robert Benmosche, CEO, was planning to quit partly due to the pay. The Federal government owns 80% of AIG after the company received a huge bailout – about $ 90 billion. The government has specified restrictions on pay hikes.

Now, WSJ says that Benmosche has written to the employees that he is not quitting yet. Instead, he will take up the cudgels on their behalf and fight for them. WSJ reports that Benmosche considers the compensation issue a “barrier”. He feels that this barrier is stopping the progress of getting back AIG’s lost value. Even some of the board members seem to be going along with Benmosche’s views.