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CEO Gets $1 As AIG Adopts Salary Restrictions for Top Executives

National News • November 25, 2008
American International Group, Inc. (AIG) announced voluntary restrictions on executive compensation that include a $1 salary for its chief executive officer; no 2008 annual bonuses and no salary ...

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Subject: InsuranceGirl

Posted On: December 1, 2008, 10:26 am CST
Posted By: InsMgmt
Comment:
InsuranceGirl - "Welcome to working for a living, rather than working to make a killing."

Is that kind of along the lines of "Pigs Get Fed, but Hogs Get Slaughtered"?

Had the Credit Default Swaps resulted in a different outcome, we would not have known the details of compensation packages, nor would most of us have cared.

Had the politicians kept their hands off of the financial underwriting standards, we would not be in the fix we are in today. Now, it appears, the heralded "Change We Can Believe In" is just more of the same. The length of the 1930's depression was due, in large part, to the New Deal - government intervention in the economy and the business sector sitting on the sidelines waiting to see what the government would do next - sound familiar?

The free market economy should allow for us to work for a "killing". Why else would we strive to perform and create? If we hoggishly abuse our position and privilege the market will eventually make a correction and we will be culled out of the herd and slaughtered.
Subject Posted By Posted On
RE: RE: InsuranceGirl underwriter
Dec 1, 2008, 2:02 pm
RE: What's the difference between an AIG executive and a Pig
Dec 1, 2008, 1:50 pm
RE: InsuranceGirl underwriter
Dec 1, 2008, 10:47 am
InsuranceGirl InsMgmt
Dec 1, 2008, 10:26 am
What's the difference between an AIG executive and a Pigeon? Elizabeth Souther
Dec 1, 2008, 9:21 am
Equity stake Bill
Dec 1, 2008, 9:21 am
AIG Execs P Sandel
Nov 26, 2008, 3:17 pm
RE: RE: Listen up II
Nov 26, 2008, 2:38 pm
RE: Low paid execs lastbat
Nov 26, 2008, 1:12 pm
Low paid execs ForumRead
Nov 26, 2008, 12:50 pm
RE: RE: Listen Up, Jerk Ralph
Nov 26, 2008, 10:25 am
RE: RE: Listen up II underwriter
Nov 26, 2008, 9:25 am
RE: Listen up II Jerk
Nov 26, 2008, 9:23 am
Listen up II Jerk
Nov 26, 2008, 9:17 am
RE: RE: Listen Up, Jerk underwriter
Nov 26, 2008, 9:12 am
RE: Listen Up, Jerk Zorro
Nov 26, 2008, 9:03 am
Listen Up Jerk
Nov 26, 2008, 8:59 am
RE: RE: RE: WTF? underwriter
Nov 26, 2008, 7:45 am
RE: RE: WTF? sheltowee
Nov 25, 2008, 6:50 pm
RE: WTF? ER
Nov 25, 2008, 3:43 pm
To NJudge F. Nietzsche
Nov 25, 2008, 2:30 pm
RE: RE: RE: to InsuranceGirl mity might
Nov 25, 2008, 2:27 pm
RE: RE: to InsuranceGirl Now you know!
Nov 25, 2008, 2:17 pm
Paula Reynolds ComplianceGuy
Nov 25, 2008, 2:16 pm
RE: RE: WTF?
Nov 25, 2008, 2:14 pm
RE: to InsuranceGirl J C
Nov 25, 2008, 2:09 pm
RE: TOO LITTLE, TOO LATE NJudge
Nov 25, 2008, 1:59 pm
to InsuranceGirl Stat Guy
Nov 25, 2008, 1:53 pm
TOO LITTLE, TOO LATE Non-Believer
Nov 25, 2008, 1:46 pm
RE: RE: RE: No Compensation??? Your Next Complaint!
Nov 25, 2008, 1:38 pm
RE: RE: No Compensation??? Mr. Obvious
Nov 25, 2008, 1:29 pm
RE: RE: WTF? Guy Fawkes
Nov 25, 2008, 1:29 pm
RE: No Compensation??? Baxtor
Nov 25, 2008, 1:22 pm
Gullible Baxtor
Nov 25, 2008, 1:20 pm
No Compensation??? WA Agent
Nov 25, 2008, 1:16 pm
RE: WTF? NJudge
Nov 25, 2008, 12:59 pm
RE: WTF? FED Up
Nov 25, 2008, 12:47 pm
You think MW
Nov 25, 2008, 12:42 pm
RE: WTF? InsuranceGirl
Nov 25, 2008, 12:36 pm
RE: WTF? Mongoose
Nov 25, 2008, 12:36 pm
WTF? ER
Nov 25, 2008, 12:27 pm
RE: Finally! lastbat
Nov 25, 2008, 12:20 pm
Finally! Fed up!
Nov 25, 2008, 12:18 pm
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