NEW YORK (
) -- Some
American International Group
executives could be exempt from a $500,000 salary cap proposed by U.S. pay czar Kenneth Feinberg, people familiar with the matter told
The report follows news that certain of AIG's top executives, including general counsel Anastasia Kelly, notified the company
if their compensation was cut significantly by Feinberg.
Feinberg, currently reviewing compensation of 75 executives at AIG, may issue a ruling as early as next week,
In October, Feinberg announced cuts in cash salaries for the top 13 executives by 91% and said unless there was "good cause" to pay more, cash compensation would be limited to $500,000 a year.
A person close to Feinberg told
his move was unrelated to the AIG executives' threats to leave.
reports Kelly has hired a law firm to represent executives concerned about their ability to collect severance payments.