http://www.msnbc.msn.com/id/33854913/ns/business-us_business/ NEW YORK - After just three months as head of embattled insurer American International Group, Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight and restrictions on what the bailed-out company can pay employees, according to a published report.
Really? After getting $182 billion of my tax money from the government, you're "struggling with government oversight"? Tough. If you don't like it, pay the $182 billion back. Or, you could just go out of business; that'd get all that government oversight off your back.
Oh, and you have issues about how much you're allowed to pay people?
It is one of seven big companies the Treasury Department ordered to cut top executives' salary and bonuses in half, starting this month. Under the plan, cash salaries for the top 25 highest-paid executives will be limited in most cases to $500,000 and, in most cases, perks will be capped at $25,000.
For the already struggling companies, the plan has introduced concerns about so-called brain drain, as the executives targeted by "pay czar" Kenneth Feinberg rank among the most talented and productive at their companies.
Yeah, I'm sure it's hard to get good talent for a lousy $500,000, especially with only $25,000 for expenses.
A$$hole.
