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Not much of a salary…

August 28, 2009

AIG CEO defends holiday, slams “lynch mob” attacks

The new AIG CEO is being paid more than his predecessor, Ed Liddy, who made just $1 a year. AIG said it will pay Benmosche $3 million in cash and $4 million in fully-vested stock. He also could receive a bonus valued as high as $3.5 million.

I presume you meant $1 million a year? I mean I know it’s a crisis but I hope Ed got paid a little more than that…

Martin

Nope, $1 a year was the correct figure for Liddy: GBU Editor

AIG CEO Edward Liddy gestures as he testifies before the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises on Capitol Hill in Washington in this March 18, 2009 file photo. REUTERS/Mike Theiler/Files

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Comments

Here we go again. Isn’t this a wonderful world in which we live? Fire CEO’s, then hire new ones and pay them world record salaries, and don’t forget the ever present taxpayer supported bonuses for these clowns. They have nothing special in their resumes, and most Americans could run any of these companies with ease. Just a case of who you know. Oh well, this is exactly what the taxpayers want, or they’d surely change it.

Posted by Frank | Report as abusive
 

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