Robert Benmosche is the new CEO of AIG, 80% of
which is now owned by American taxpayers. (AIG,
you may recall, has received $182 billion in federal
bailout money.) The Obama Administration's executive
compensation czar has decided that it's OK to give Mr.
Benmosche a pay package which includes a $7.5 million
salary plus an option for a $3.5 million bonus. This bit
of good news should put the quietus on all those rumors
that the Obama Administration is in the tank with
Wall Street financiers.
which is now owned by American taxpayers. (AIG,
you may recall, has received $182 billion in federal
bailout money.) The Obama Administration's executive
compensation czar has decided that it's OK to give Mr.
Benmosche a pay package which includes a $7.5 million
salary plus an option for a $3.5 million bonus. This bit
of good news should put the quietus on all those rumors
that the Obama Administration is in the tank with
Wall Street financiers.
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