08-28-2009, 04:39 AM
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liar in wolf's clothing
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Join Date: Feb 2005
Location: Frequently about
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Re: Yo, top 1%: shut the fuck up
Hello AIG stakeholders!
Quote:
Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group (AIG) says he's getting a lot of work done from his massive villa overlooking the Adriatic.
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The new AIG CEO is being paid more than his predecessor, Ed Liddy, who made just $1 a year. AIG said it will pay Benmosche $3 million in cash and $4 million in fully-vested stock. He also could receive a bonus valued as high as $3.5 million.
"It's the bottom end of a competitive range," he said, adding that he earned more previously and would be judged ultimately on his performance. "You still need to pay people competitively."
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