This must be big bussiness I suppose American International Group..To get these kind of pay and there complaining...This is a Hurbis deed
Feinberg may issue a ruling as early as next week allowing some Aig execitives to earn more than a $500.oo salary cap he announced in October to one of the people Treasury Department and Federal Reserve Officials have urged him to strike a balaance between curbing excessive Pay and retaining key employers..I my terms this is a big sums of money ..Pride-pride-pride.. On Tue, Dec 8, 2009 at 6:37 AM, ornamentalmind <[email protected]>wrote: > Five AIG execs say may quit over pay > > Wall Street Journal says they're upset that pay czar cut their > compensation > > Five senior executives at American International Group told the bailed- > out insurer last week they may quit if their compensation was cut > significantly by the U.S. pay czar, the Wall Street Journal reported. > > The five senior AIG executives indicated on December 1, in written > notices, that they were prepared to leave by year-end, the paper > reported, citing unnamed sources. Two of them changed their minds over > the weekend, the paper added. > 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 Chief Executive Robert Benmosche reportedly threatened to quit > last month, in part because 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. > > For AIG in particular, Feinberg has vowed to limit bonuses at the > company's financial products unit, whose massive payouts earlier this > year sparked huge outrage. > > AIG could not be reached immediately late on Sunday. > > Copyright 2009 Reuters. > http://www.msnbc.msn.com/id/34309703/ > > -- > > You received this message because you are subscribed to the Google Groups > ""Minds Eye"" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]<minds-eye%[email protected]> > . > For more options, visit this group at > http://groups.google.com/group/minds-eye?hl=en. > > > -- You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/minds-eye?hl=en.
