by Deb Cupples | Last week, AIG CEO Edward Liddy agreed to take only $1 a year in pay for 2008 and 2009, "as part of a series of voluntary pay restrictions by top executives tied to a massive $150 billion government bailout." That's a nice gesture -- or would have seemed so if not for a recent Bloomberg report, which states:
"American International Group Inc.,
the insurer that said yesterday it scrapped bonuses for top
executives after a U.S. bailout, will still pay 130 managers
“cash awards” to stay with the firm, including $3 million to
retirement services chief Jay Wintrob."
That certainly sounds like a back-door way to give bonuses -- the old potato/potawto, right?
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