ILFC chief gets pay cut, demotion after affair with employee

Although Henri Courpron will remain CEO of ILFC, AIG's airplane leasing unit, it's no longer the top job: A new, more senior position goes to Laurette Koellner, a former Boeing president.

The top executive of insurance giant American International Group Inc.'s airplane leasing unit in Century City had his salary cut by $1 million and was demoted after an affair with an employee.

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