Friday, June 22, 2012

AIG Exec Docked $1 Million for Office Nookie

According to the WSJ American International Group Inc. cut the pay of Henri Courpron, chief executive of its aircraft-leasing unit, after discovering he had a personal relationship with an employee he supervised.

Mr. Courpron, who runs International Lease Finance Corp., will see his $5.4 million salary slashed by $1 million, or 19%, as punishment for behavior that was "contrary to AIG's expectations of its officers," the government-controlled insurer said Thursday.

Mr. Courpron will also get a new boss.Laurette Koellner, a former Boeing Co. executive and an AIG board member, was appointed ILFC's executive chairman, a new position. Mr. Courpron had previously reported directly to ..

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