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 ...
The list, ping
“lets get those fat cat bankers”
Could be Al Gore's next scam now that the warming thingie ain't working out.
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”.
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
Exactly
Just one more lie to pile onto the heap of lies.
Wait till prime time when lots of people are logging in. Then sit back and watch their heads explode!!
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.
(Soon to be the prayer of all Workers under BO's regime.)
Priceless
And what is the pay czar’s purpose then?
AIG, the company that just keeps on humping the American tax payer.
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.
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