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AIG Pays Former CEO Sullivan a Severance Package Worth $47 Million

National News • July 1, 2008
American International Group Inc. said it paid a $47 million severance package to former Chief Executive Martin J. Sullivan, whose resignation took effect Tuesday. Sullivan, who left his position ...

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Subject: Market Conditions

Posted On: July 2, 2008, 2:29 pm CDT
Posted By: Worker Bee
Comment:
This is especially infuriating, given the recent reports of the "soft market" and lower earnings. Our agency CEO recently emailed us all a newsletter from one of our carriers which elaborated on how earnings for 2008 are down from 2007, and commented that our agency revenue followed a similar curve (implied - bonuses recd in past years may not be there this year). Then I also noticed on another company's agent's page detailed information on a sales incentive super-luxury Alaskan cruise. Kind of like choking on dry bread when trying to swallow the stories of how poorly the ins companies are doing this year.
Subject Posted By Posted On
RE: RE: RE: RE: Capitalist games KO
Sep 29, 2008, 6:24 am
RE: RE: RE: Capitalist games LARRY LOGIC
Sep 22, 2008, 4:20 pm
RE: RE: Capitalist games Brokette
Sep 22, 2008, 10:00 am
RE: Capitalist games bobr
Sep 21, 2008, 6:52 pm
BAIL THEM OUT!!!!???!!! KO
Sep 20, 2008, 1:20 pm
$$$$ blonde
Jul 10, 2008, 4:04 pm
RE: Bad investments weren't Marty's fault. Dan D.
Jul 8, 2008, 8:40 pm
Bad investments weren't Marty's fault. JP
Jul 8, 2008, 12:23 pm
RE: RE: RE: RE: Curses on Sullivan Dan D.
Jul 7, 2008, 7:48 pm
RE: RE: RE: Curses on Sullivan wudchuck
Jul 7, 2008, 4:30 pm
RE: RE: RE: Curses on Sullivan WARREN WEENIE
Jul 7, 2008, 4:04 pm
RE: RE: Curses on Sullivan Scott
Jul 7, 2008, 11:33 am
RE: Market Conditions Tilly
Jul 3, 2008, 4:35 pm
CEO pay scale Dawn
Jul 3, 2008, 12:47 pm
RE: Curses on Sullivan Dan D.
Jul 3, 2008, 12:24 pm
RE: RE: RE: Such drama Cometalia
Jul 3, 2008, 12:19 pm
RE: RE: Such drama Brokette
Jul 3, 2008, 10:33 am
Curses on Sullivan Black Magic Woman
Jul 3, 2008, 9:50 am
RE: Such drama Not My American Way
Jul 3, 2008, 9:47 am
RE: The Dirty Little Secret Bill
Jul 3, 2008, 9:11 am
RE: Such drama LARRY LOGIC
Jul 2, 2008, 7:00 pm
Such drama Jeff the Cynic
Jul 2, 2008, 4:55 pm
RE: I don't get it Dan D.
Jul 2, 2008, 2:57 pm
RE: RE: Right. Bonus for failure. Ex-AIG Customer
Jul 2, 2008, 2:32 pm
Market Conditions Worker Bee
Jul 2, 2008, 2:29 pm
AIG Bonus Package tsntyler
Jul 2, 2008, 2:25 pm
RE: RE: AIG Bonus Package CSP
Jul 2, 2008, 2:22 pm
RE: AIG Bonus Package Mary
Jul 2, 2008, 2:20 pm
AIG Bonus Package Donald D
Jul 2, 2008, 1:51 pm
The Dirty Little Secret Dread
Jul 2, 2008, 1:49 pm
RE: Have the workers pay Brokette
Jul 2, 2008, 1:26 pm
Have the workers pay Mongoose
Jul 2, 2008, 1:23 pm
RE: Right. Bonus for failure. Brokette
Jul 2, 2008, 1:03 pm
CEO KAREN
Jul 2, 2008, 12:57 pm
I don't get it Bob Johnson
Jul 2, 2008, 12:53 pm
Motley Cure Mr. Obvious
Jul 2, 2008, 12:48 pm
Surprised? NO Joe Blow
Jul 2, 2008, 8:29 am
RE: Right. Bonus for failure. wudchuck
Jul 2, 2008, 8:21 am
Right. Bonus for failure. DDay
Jul 2, 2008, 5:46 am
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