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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 | 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 |
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| 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 |
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| 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 |
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| 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 |
| Back to article | ||


Subject: InsuranceGirl
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.