Kenneth Feinberg

 According to some reports American International Group Inc probed five executives who threatened to resign over federal pay limits. U.S. pay czar Kenneth Feinberg has vowed to limit bonuses at AIG's financial products unit, which produced negative reaction on the part of the insurer’s employees.

According to the Wall Street Journal Sunday report, five AIG’s senior executives unveiled last week they may quit if their compensation was reduced significantly by Kenneth Feinberg.

 They indicated December 1, in written notices, that they were prepared to leave by year-end. However, two of them changed their minds over the weekend.

 AIG, which was propped up by the government with some $180 billion in taxpayer funds, has been sparring with the Obama administration's pay czar, Kenneth Feinberg, over executive compensation.