American International Group Inc. (AIG) said on Friday that it is paying $12.1 million in retention awards to some of its top executives. The company took this decision after it got approval from U.S. pay czar Kenneth Feinberg, who is scrutinizing the pay practices of the seven companies including AIG that received the biggest federal aid.   Chief Financial Officer David Herzog received $1 million and Kristian Moor, Chief Executive of AIG's property-casualty division, received $1.6 million. Jay Wintrob, CEO of AIG's domestic life and retirement services also received a payment. The payments were promised in 2008 to retain key employees.   Previously, U.S. Treasury Department pressed AIG to reduce $198 million in scheduled retention payments after the government missed the opportunity to defend against controversial bonuses paid to AIG employees last year.  However, AIG is currently trying to repay $85 billion it had borrowed from the ...

Oriental Financial Group (OFG) is a bank holding company that offers banking services, such as commercial and consumer lending, saving and time deposit products, financial planning, and corporate and individual trust and retirement services, and mortgage lending services to customers in Puerto Rico and Florida. The company also operates an international banking entity, Oriental International Bank, Inc., that engages in similar lines of business. As of the end of 2007, Oriental Financial had 24 retail branches on the island of Puerto Rico.

Oriental Financial also provides financial services, including fiduciary, insurance, and pension administration services; investment banking services; and securities brokerage services covering various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients. The Puerto Rico-based company offers mutual fund and asset allocation services, as well as debt and equity offerings. It also has a brokerage business that serves mid- to

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