I purchased AIG common stock after analysts gave the company a clean bill of health and 21 days later AIG collapsed. I lost $18,000 in my 401k account while the ex-CEO Greenberg kept a $4.2 billion dollar off shore slush fund. There is something very SKANKY going on at AIG and the salary and taxpayer bailouts are like getting ripped off twice.
None of us in the industry are expecting a raise and we might “just” make a bonus based upon our production. The government isnt protecting us, they are going to take us all down with them.
The government is impotent and lacks the balls to clamp down on anything…..except honest, taxpaying citizens. In this economy and considering they abyssmal performance of AIG, NOBODY THERE SHOULD GET A FREAKING BONUS. These sons of female dogs made millions when everthing was fat,dumb, and happy. When things go down the crapper, they should feel the pain like everyone else. This is why the American public loses faith and respect for big business and the government. Here’s one for you. 5 days before Christmas I get a certified letter from the IRS regarding a 2006 income tax issue. They had the balls to ask for another $1,100 dollars (including interest). Seems the government is very selective in who it rear ends.
AIG, keep on sticking it to us. The top 25 exeuctives and this annonymous person should each have to give up what they have amassed and take care of those in dire need in our country. The problem is they have NO conscious and are greedy…and we know who you are!
I love the line, “Many banks have scrambled to pay back their government assistance to escape the pay restrictions.” This is a pay RESTRICTION!?!?! Can’t imagine what this bloated company would have paid this gad had it not been in a “restricted” zone. The value of performance has been lost at this level of corporate America. What could one individual do that warrants this amount of pay?!
“The executive had been planning to leave the company and had not been granted long-term compensation benefits.”
Where was he going? With a 10% unemployment rate he was either going to be drawing unemployment and having to pay cobra rates for Health Care like the rest of the people with out jobs. Or if he had another job lined up at least I the tax payer wouldn’t be paying for him to get all these “benefits”. It’s time for us to take up arms and revolt against the government.
My thought exactly. Where would he/she go in today’s employment market? With this government in place, we the American working class, are doomed for the next 3 years!
A top 25 executive probably had numerous places that he/she could go. They are probably not someone tied to their cube like most other slops that would end up in the unemployment line. If you are a top 25 executive I don’t think the threat to leave is meaningless.
Also, to everyone that says all of these guys led to the bankrupting of AIG, here this: the assets of the insurance companies were not bad, a handful of people in Wilton Connecticut and London bet on the bad mortgages to bankrupt the financial products group and then it was these same clowns who wanted to raid the reserves of the insurance group to pay the losses. The insurance operations are solvent.
People seem to think big business is bad and big goverment is good. If you want big government and free health care, this situation with AIG is the exact reason you shouldn’t want the government in health care – the FEDs are going to be quick to make promises and quicker to bend you over. If the government cannot manage the $55B in outstanding loans ($180B capacity, but $55B actually borrowed) to AIG how do you think they can manage the $2.5T industry of health care?
I am sure the only way this administration allowed the pay was a certain percentage had to be contributed to a certain political party’s fund. A net gain for the executive.
Nobody is worth that much to an organization, not even a US government run organization.
YOU ARE RIGHT ON THAT HE STUFFED $$ IN SOMEONE ELSE’S POCKET TO GET THIS RAISE…
LOOK AT WHAT REID AND PELOSI AND THE OTHER DEMOS GAVE THE SENATOR FROM NEBRASKA TO VOTE FOR THE BILL ON CHRISTMAS EVE. HE WAS TO VOTE “NO” THEN GOT MILLIONS FOR HIS STATE!
NOW THAT SHOULD BE CALLED BRIBERY!!!!!
VOTE ALL OF THEM OUT AND START OVER!! UNFORTUNATELY, WASHINGTON CORRUPTS MOST OF THE PEOPLE THAT SERVE THERE. GET RID OF LOBBYISTS, ALSO.
pay should be severly restricted in all of corporate america for top executives. It should be cut by a minimum of 50% for those buffoons, in some cases by 90%, and in the case of the idiot from exxon, by 99.99%.
If 800,000 is good enough for the president, then it’s more than good enough for some idiotic ceo.
if exxon has enough money to pay ONE moron 400 million dollars, then they obviously have MORE THAN ENOUGH MONEY to lower the price of gas to $1.50 a gallon and keep it there for the rest of eternity.
In case you need a reminder, America is (was) based on Capitalism. Whatever the market will bear is what something or someone is worth.
The majority of people in the Insurance industry are making more than 30%-40% of the rest of the country. How much of your own pay should be confiscated by the GOVERNMENT to dole out based on their whims and political agenda.
Sheeple who 3itch about other people’s pay are to small minded to realize they too could have salaries and compensation packages like the fat cats who made different decisions, or worked harder. Heck, maybe the top 25 execs are actually smarter than the complainers.
Maybe Nancy and Harry can pass a bill legislating one level of intelligence so all the little people will feel better about themselves.
Crybaby’s need to focus on improving everyone’s opportunity to make a living, and quit trying to bring the top performers down.
I purchased AIG common stock after analysts gave the company a clean bill of health and 21 days later AIG collapsed. I lost $18,000 in my 401k account while the ex-CEO Greenberg kept a $4.2 billion dollar off shore slush fund. There is something very SKANKY going on at AIG and the salary and taxpayer bailouts are like getting ripped off twice.
None of us in the industry are expecting a raise and we might “just” make a bonus based upon our production. The government isnt protecting us, they are going to take us all down with them.
NO ONE REPEAT NO ONE DESERVES THIS KIND OF MONEY—-ESPECIALLY AN AIG EXECUTIVE THAT HELPED AIG FAIL IN THE FIRST PLACE!!!!!!!!
The government is impotent and lacks the balls to clamp down on anything…..except honest, taxpaying citizens. In this economy and considering they abyssmal performance of AIG, NOBODY THERE SHOULD GET A FREAKING BONUS. These sons of female dogs made millions when everthing was fat,dumb, and happy. When things go down the crapper, they should feel the pain like everyone else. This is why the American public loses faith and respect for big business and the government. Here’s one for you. 5 days before Christmas I get a certified letter from the IRS regarding a 2006 income tax issue. They had the balls to ask for another $1,100 dollars (including interest). Seems the government is very selective in who it rear ends.
AIG, keep on sticking it to us. The top 25 exeuctives and this annonymous person should each have to give up what they have amassed and take care of those in dire need in our country. The problem is they have NO conscious and are greedy…and we know who you are!
I love the line, “Many banks have scrambled to pay back their government assistance to escape the pay restrictions.” This is a pay RESTRICTION!?!?! Can’t imagine what this bloated company would have paid this gad had it not been in a “restricted” zone. The value of performance has been lost at this level of corporate America. What could one individual do that warrants this amount of pay?!
“The executive had been planning to leave the company and had not been granted long-term compensation benefits.”
Where was he going? With a 10% unemployment rate he was either going to be drawing unemployment and having to pay cobra rates for Health Care like the rest of the people with out jobs. Or if he had another job lined up at least I the tax payer wouldn’t be paying for him to get all these “benefits”. It’s time for us to take up arms and revolt against the government.
My thought exactly. Where would he/she go in today’s employment market? With this government in place, we the American working class, are doomed for the next 3 years!
A top 25 executive probably had numerous places that he/she could go. They are probably not someone tied to their cube like most other slops that would end up in the unemployment line. If you are a top 25 executive I don’t think the threat to leave is meaningless.
Also, to everyone that says all of these guys led to the bankrupting of AIG, here this: the assets of the insurance companies were not bad, a handful of people in Wilton Connecticut and London bet on the bad mortgages to bankrupt the financial products group and then it was these same clowns who wanted to raid the reserves of the insurance group to pay the losses. The insurance operations are solvent.
People seem to think big business is bad and big goverment is good. If you want big government and free health care, this situation with AIG is the exact reason you shouldn’t want the government in health care – the FEDs are going to be quick to make promises and quicker to bend you over. If the government cannot manage the $55B in outstanding loans ($180B capacity, but $55B actually borrowed) to AIG how do you think they can manage the $2.5T industry of health care?
I am sure the only way this administration allowed the pay was a certain percentage had to be contributed to a certain political party’s fund. A net gain for the executive.
Nobody is worth that much to an organization, not even a US government run organization.
YOU ARE RIGHT ON THAT HE STUFFED $$ IN SOMEONE ELSE’S POCKET TO GET THIS RAISE…
LOOK AT WHAT REID AND PELOSI AND THE OTHER DEMOS GAVE THE SENATOR FROM NEBRASKA TO VOTE FOR THE BILL ON CHRISTMAS EVE. HE WAS TO VOTE “NO” THEN GOT MILLIONS FOR HIS STATE!
NOW THAT SHOULD BE CALLED BRIBERY!!!!!
VOTE ALL OF THEM OUT AND START OVER!! UNFORTUNATELY, WASHINGTON CORRUPTS MOST OF THE PEOPLE THAT SERVE THERE. GET RID OF LOBBYISTS, ALSO.
pay should be severly restricted in all of corporate america for top executives. It should be cut by a minimum of 50% for those buffoons, in some cases by 90%, and in the case of the idiot from exxon, by 99.99%.
If 800,000 is good enough for the president, then it’s more than good enough for some idiotic ceo.
if exxon has enough money to pay ONE moron 400 million dollars, then they obviously have MORE THAN ENOUGH MONEY to lower the price of gas to $1.50 a gallon and keep it there for the rest of eternity.
Wow, where is Rosie with all her crybaby rants.
In case you need a reminder, America is (was) based on Capitalism. Whatever the market will bear is what something or someone is worth.
The majority of people in the Insurance industry are making more than 30%-40% of the rest of the country. How much of your own pay should be confiscated by the GOVERNMENT to dole out based on their whims and political agenda.
Sheeple who 3itch about other people’s pay are to small minded to realize they too could have salaries and compensation packages like the fat cats who made different decisions, or worked harder. Heck, maybe the top 25 execs are actually smarter than the complainers.
Maybe Nancy and Harry can pass a bill legislating one level of intelligence so all the little people will feel better about themselves.
Crybaby’s need to focus on improving everyone’s opportunity to make a living, and quit trying to bring the top performers down.
When will the pay czar look at the compensation of Congress? Thats what we really need!
in case YOU need a reminder, capitalism (or as it should REALLY be called cannibalism) brought us one great depression and almost gave us another one.
capitalism (or as it can also be called, GREED AND STUPIDITY) is a MAJOR FAILURE)
death to capitalism
time to SEVERELY RESTRICT CEO PAY NOW.