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.

 Even Robert Benmosche, Chief Executive, reportedly promised to quit last month as he did not have discretion over pay packages for top executives.

 Feinberg has cut average compensation for the 25 best-paid employees at companies that received multiple bailouts and is setting guidelines for pay for the next 75.

 Concerning AIG, Feinberg vowed to limit bonuses at the company's financial products unit, whose massive payouts previously this year reflected significant rules violation.