AIG's Top Lawyer Walks Away with Millions in Severance


Most people do not look forward to being out of work. The general counsel at AIG (AIG) is probably an exception.

The Wall Street Journalreports that "AIG determined that its top in-house lawyer was entitled to the money under the company's severance plan, whose terms say certain executives can resign and collect severance if their pay is reduced significantly." For the insurance firm's general counsel, Anastasia Kelly, that severance will be well into the millions of dollars.