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Is Ken Feinberg's plan to cut Wall Street's pay an effective smackdown, or a case of too little, too late?
The special master will not try to claw back any compensation from employees, the AIG CEO says in a memo.
Part of 70 Pine Street, the old AIG headquarters in the financial district, will be converted into residential condominiums.
The insurer awarded a $7,700 bonus to a kitchen assistant.
Feinberg demands AIG reduce $198 million in bonuses.
The special master for compensation is expected to approve a $10.5 million pay package for Robert Benmosche.
Joe Cassano's house "only has two bedrooms," according to a spy. And his ride is uncool, too.
CEO Robert Benmosche had better watch his mouth around the people who pay his salary.
We pick a winner, because the world needs more heroes.
The AIG Financial Products head widely accused of burning down the place might face criminal charges. Maybe.
The board doesn't have to tell the AIG CEO to tone it down, he says. "I've already told it to myself."
"If there is anybody critical of Bob, it is Bob," said the AIG CEO.
AIG CEO Robert Benmosche reportedly "regrets his comments regarding Mr. Cuomo and the tone of those comments."
"The worst thing that will ever happen to him is when he and I meet in the room and I close the door," the new AIG CEO warns.
Poor Robert Benmosche. He just started yesterday, and already he needs a breather.
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