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AIG CEO to work for $1 and no bonus in 2008 and 2009

Edward Liddy, AIG's new chief executive, will forgo all but $1 of his salary until the end of the 2009 year, the company said in a statement.

There will also be no 2008 annual bonuses and no salary increases through 2009 for AIG's top-seven-officer Leadership Group; and no salary increases through 2009 for the 50 next-highest executives, in

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