Courpron Has Pay Cut After Probe in Latest ILFC Setback

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American International Group Inc.’s punishment of its plane-leasing chief executive officer for a relationship with an employee is the latest setback for the insurer as it seeks to take the unit public.

AIG named ex-Boeing Co. executive Laurette Koellner to oversee International Lease Finance Corp., putting her in charge of CEO Henri Courpron and cutting his pay after he had a personal relationship with an employee, AIG said yesterday.