New AIG CEO to Receive $7 Million Annual Salary

New AIG CEO to Receive $7 Million Annual Salary

www.nytimes.com

American International Group Inc.'s new CEO will be paid a yearly salary worth $7 million and could earn millions more in performance-based incentives, the bailed-out insurance giant said Monday.
new federal pay czar, Kenneth Feinberg, has agreed in principle to Benmosche's pay package

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It is so big that it's stunning.
Even if AIG was used to have these salaries, these times are over, i assume.
"change" isn't it...

Probably that's why we are all in this mess; We -the people- allow this to happen, because every day we are slapped in the face and shocked.

Just reporting and wondering what can be done.

www.nytimes.com
(visit the link for the full news article)

[edit on 18-8-2009 by _goto_]

reply to post by _goto_


WOW! that is an astounding salary. Especially for someone that will do nothing more than sit on his thumb. Is the position of CEO really such a difficult job that the necessary compensation is $7mil?

reply to post by Aggie Man


yes! 17.5x more than the US President salary!!! (400K)

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