Anastasia D. Kelly Letter Declining Stock Salary Award to American International Group, Inc.
Anastasia D. Kelly, Vice Chairman of American International Group, Inc. (AIG), formally notifies AIG and its board members of her decision to decline a three-year stock salary award valued at $1,710,000 due to her impending departure from the company. She expresses gratitude for her time at AIG and states that the award should go to executives who will remain with the company. The letter is addressed to key AIG executives and copied to legal counsel.
Exhibit 10(67)
AMERICAN INTERNATIONAL GROUP, INC.
70 PINE STREET, 27TH FLOOR
NEW YORK, N.Y. 10270
| ANASTASIA D. KELLY |
| TEL: 212 ###-###-#### |
| VICE CHAIRMAN | FAX: 212 ###-###-#### | |
| LEGAL, HUMAN RESOURCES, | ***@*** | |
| CORPORATE COMMUNICATIONS, |
|
|
| AND CORPORATE AFFAIRS |
|
|
December 30, 2009
Robert H. Benmosche
Harvey Golub
Dennis D. Dammerman
American International Group Inc.
70 Pine Street
New York, NY 10270
Dear Bob, Harvey and Dennis:
I would like to take an opportunity, before the year is over and before my formal departure, to thank AIG, the entire board, and particularly the three of you for all the help and support you provided to me during the time I was fortunate to work with you.
I also want to let you know that, given my departure, I do not wish to accept the award of three year stock salary in the amount of $1,710,000. I believe it is appropriate for those executives who will remain and work for this value to be delivered to receive these awards, but as I will not be among that group, I respectfully decline this stock salary award.
My heart is heavy that my tenure at AIG is coming to an end but it is also full of gratitude for the experience of working with such a dedicated and committed team.
Sincerely,
Anastasia D. Kelly
CC: Marc R. Trevino
Sullivan and Cromwell
Deborah Kelly
Dickstein Shapiro Morin & Oshinsky
