Big Pharm, AIG Salaries Fine

[Annie]

Insurance? Nope. LOL! Chicago Way and how will it play?

AIG Awards New CEO $7 Million Annual Salary - CEOs * US * News * Story - CNBC.com

AIG Awards New CEO $7 Million Annual Salary
Published: Monday, 17 Aug 2009 | 9:50 PM ET Text Size
By: Reuters
American International Group, the insurer that received billions of dollars in a U.S. bailout, said on Monday that it will pay newly-appointed Chief Executive Robert Benmosche an annual salary of $7 million.


Sharon Lorimer
In a filing with the U.S. Securities and Exchange Commission, AIG [AIG 26.64 2.09 (+8.51%) ] said the salary would consist of $3 million in cash and $4 million in fully-vested common stock. He will also be eligible for a performance bonus of up to $3.5 million.

The pay has been approved in principle by Washington's new pay czar Kenneth Feinberg, said AIG...

 

[Ravi]

You're making less sense than usual.

 

[Annie]

You're making less sense than usual.

Nope, you are less articulate than usual. If companies back Obama plans, salaries are sky limit. If disagree, held out for public ridicule and perhaps justice inquiries.

 

[Ravi]

You're making less sense than usual.

Nope, you are less articulate than usual. If companies back Obama plans, salaries are sky limit. If disagree, held out for public ridicule and perhaps justice inquiries.

The article states they are complying with salary limitations.

 

[WillowTree]

Insurance? Nope. LOL! Chicago Way and how will it play?

AIG Awards New CEO $7 Million Annual Salary - CEOs * US * News * Story - CNBC.com

AIG Awards New CEO $7 Million Annual Salary
Published: Monday, 17 Aug 2009 | 9:50 PM ET Text Size
By: Reuters
American International Group, the insurer that received billions of dollars in a U.S. bailout, said on Monday that it will pay newly-appointed Chief Executive Robert Benmosche an annual salary of $7 million.


Sharon Lorimer
In a filing with the U.S. Securities and Exchange Commission, AIG [AIG 26.64 2.09 (+8.51%) ] said the salary would consist of $3 million in cash and $4 million in fully-vested common stock. He will also be eligible for a performance bonus of up to $3.5 million.

The pay has been approved in principle by Washington's new pay czar Kenneth Feinberg, said AIG...

don't we the taxpayers pretty much own AIG? why weren't we asked?

 

[Old Rocks]

For the same reason we weren't asked about the Blackwell CEO bonus of 700 million. And, if the health insurance companies succeed in defeating the health care bill, then you can expect a 25 % increase in premiums for all. And more 100 million bonuses for CEOs. The American way, you know.