I left off a 0 correction$500.000 On Tue, Dec 8, 2009 at 4:15 PM, dj Briscoe <[email protected]>wrote:
> 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.
