I find that hard to believe shareholders approved it. I call BS.
Should get paid for performance, not promises.
Dump you AIG stock and wait for another bailout.
Agreed KP — As stated in the other IJ article (link below) ““AIG’s stock has dropped 13 percent since Duperreault took charge of the company last May.” But hey … whatever – let’s give $40+M to someone who has overseen a devaluation in the company! (that’s sarcasm obviously). This decision is absurd IMO.
As I previously stated, the bonus should wait until his performance is ‘proven’ in reliable experience data, per actuaries, statisticians, and CPAs. Your conclusion that BD is responsible for past errors is ludicrous and laughable. Hopefully, for good AIG employees and their SHs, Dupperault fixes the problems and sets AIG on a better course. Time and patience are needed.
Try being an employee at AIG and watching them continue to pay all the Execs ridiculous salaries. Employees receive a constant message of watching the expenses. The board has been placing these Execs since 2008 and still can’t turn a profit. Time to focus on the Board and their performance.
I find that hard to believe shareholders approved it. I call BS.
Should get paid for performance, not promises.
Dump you AIG stock and wait for another bailout.
Agreed KP — As stated in the other IJ article (link below) ““AIG’s stock has dropped 13 percent since Duperreault took charge of the company last May.” But hey … whatever – let’s give $40+M to someone who has overseen a devaluation in the company! (that’s sarcasm obviously). This decision is absurd IMO.
As I previously stated, the bonus should wait until his performance is ‘proven’ in reliable experience data, per actuaries, statisticians, and CPAs. Your conclusion that BD is responsible for past errors is ludicrous and laughable. Hopefully, for good AIG employees and their SHs, Dupperault fixes the problems and sets AIG on a better course. Time and patience are needed.
Boards don’t set their pay to please “average Americans” and “foreigners.” If you don’t approve, don’t buy their stock or purchase their products.
Would you please write to Warren Buffet and ask that he return most of his billions of ‘salary’? Same Qs for Gates, Zuckerberger, Bezos, ….
Try being an employee at AIG and watching them continue to pay all the Execs ridiculous salaries. Employees receive a constant message of watching the expenses. The board has been placing these Execs since 2008 and still can’t turn a profit. Time to focus on the Board and their performance.