Bloomberg Law
May 2, 2018, 11:12 AM UTC

Ex-Banque AIG Director Was Told He’d Get Bonuses Until 2011

Hannah George
Bloomberg Editorial

• Scheyd, Kirklin and Rosen testify in $100 million bonus trial • Kirklin downsized family home because of delayed payments

A former marketing director at Banque AIG told a London court that he was repeatedly assured he’d receive his bonuses, even as he helped clean up a company crumbling from its role in the global financial crisis.

“I asked and received the same answer frequently, that there would be a plan,” said Charles Scheyd, who helped oversee Nordic marketing. Scheyd joined AIG Management France SA -- formerly known as Banque AIG -- in 2002. He left in 2011 after weathering one of ...

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