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Pay czar agrees to boost AIG exec's package
Chron.com ^ | 12/21/09 | http://www.chron.com/disp/story.mpl/business/6781559.html

Posted on 12/21/2009 11:16:25 PM PST by Nachum

WASHINGTON — A top executive of American International Group Inc. has been granted a $4.3 million pay-package bump by the troubled insurance giant's majority owner — the U.S. government — because the executive has decided to remain with the company.

Kenneth Feinberg, the Obama administration's pay czar, approved an AIG request to grant the executive a long-term compensation package that includes stock options with a current value of $3.26 million and an additional incentive award of up to $1 million. The package comes on top of the executive's 2009 base salary of $450,000.

(Excerpt) Read more at chron.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: aig; czar; execs; pay

1 posted on 12/21/2009 11:16:26 PM PST by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping


2 posted on 12/21/2009 11:16:47 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

“lets get those fat cat bankers”


3 posted on 12/21/2009 11:26:30 PM PST by himno hero
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To: Nachum
I keep trying to boost my "package" but nuthin' works.

Could be Al Gore's next scam now that the warming thingie ain't working out.

4 posted on 12/21/2009 11:28:16 PM PST by MARTIAL MONK (I'm waiting for the POP!)
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To: Nachum

I have great confidence that the MSM will report this.

/s

I am so outraged I cant believe how the population is being duped by this crony.
The minorities and the low income honestly believe obama is in their side. I am “wise latina” that cannot believe how stupid the majority of hispanics are they still think he is doing a great job and that he “means well”.


5 posted on 12/21/2009 11:30:23 PM PST by lmarie373 (*These little guys might look cute and cuddly, but trust us: they will kill you.-on emanuel brothers)
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To: Nachum

Related story about AIG

http://www.bloomberg.com/apps/news?pid=20601109&sid=aaLwI2SKYQJg&pos=10

But that fat cat banker baloney just a pr stunt

So expect a healthy dose of political posturing before, during and after the President’s meeting with top bankers Monday. “It’s a p.r. stunt,” says an executive at one of the banks that will be getting a dressing-down at the White House meeting. Executives from Goldman Sachs, JPMorgan Chase, Bank of America and Wells Fargo are expected to be among those in attendance.

Even Administration officials privately admit that politics played a role in calling the meeting,

Read more: http://www.time.com/time/business/article/0,8599,1947411,00.html#ixzz0aOusqRUA


6 posted on 12/21/2009 11:37:07 PM PST by FromLori (FromLori)
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To: himno hero
“lets get those fat cat bankers”

Exactly

7 posted on 12/21/2009 11:38:33 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: FromLori
I just want a video of his "fat cat banker" quip with the pay raise info superimposed.

Just one more lie to pile onto the heap of lies.

8 posted on 12/21/2009 11:39:59 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum
Would someone who has an ID on Democratic Underground go post this story there.

Wait till prime time when lots of people are logging in. Then sit back and watch their heads explode!!

9 posted on 12/22/2009 12:03:50 AM PST by what's up
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To: MARTIAL MONK

Now that would be a good thing, if the pay czar put a limit on how much Al Gore could make on carbon offsets trading. He has invested millions hoping to make billions on his hoax. Limit him to $500K. Oh, I know, it isn’t for the big guys, it is just for the little guys, to be limited. The Washington fat cats will still have their private jets, etc.


10 posted on 12/22/2009 12:05:29 AM PST by buffyt (I don't agree with Obama, Pelosi, Reid, Nelson, Landreiu, does that make me RACIST?)
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To: Nachum
"American International Group Inc."

Yeah, in England, funnelling money to China.


11 posted on 12/22/2009 12:07:03 AM PST by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote)
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To: Nachum


Oh thank you, Almighty czar, for granting us this favor. You are the true representative of The One, and we humbly bow in gratefulness!

(Soon to be the prayer of all Workers under BO's regime.)

12 posted on 12/22/2009 1:24:36 AM PST by SoFloFreeper
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To: Nachum

Priceless

And what is the pay czar’s purpose then?


13 posted on 12/22/2009 1:25:44 AM PST by dila813
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To: Nachum

AIG, the company that just keeps on humping the American tax payer.


14 posted on 12/22/2009 4:56:22 AM PST by org.whodat
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To: himno hero

Morgan Stanley CEO is not taking a bonus this year. This is outrageous and the administration needs to be called out on its favoritism to aig.


15 posted on 12/22/2009 5:01:47 AM PST by jersey117
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To: Nachum

16 posted on 12/22/2009 8:35:35 AM PST by TexasCajun
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