
Bye bye, Bobby! Why’d you hafta go? …is what you’ll have stuck in your head for the rest of the day, just like me, no thanks to this quitter. Robert Benmosche, who took over the top spot at AIG for some reason or another, has had e-friggin-nough of the job that common sense told everyone else would suck like a Dyson. And now he’s threatening to walk.
Robert Benmosche has told the board of American International Group Inc. that he is considering stepping down as chief executive of the government-controlled insurer, just three months after taking the job, according to people familiar with the matter.
At a board meeting last week, the strong-willed industry executive told fellow AIG directors that he was “done” but agreed to think it over after other board members reacted with shock, according to the people.
Bob’s list of grievances is long and distinguished, and at the very top is the difficulty of complying with pay policies handed down from the firm’s owner, the US government (read: you and me). It’s got to be hard telling employees that they have to find some way to subsist on a mere $500K a year, I’m sure. I can only imagine the riots at my company if we were all given six-figure salaries. Heck, I remember one time I tried to give a homeless guy a hundred grand and he spat at me. Spat! Granted, I was giving him the candy bar and not the cash, but I digress.
Bob himself is only being paid three mil a year in cash, that much again in a performance bonus, and four mil in stock options, so it’s no wonder he’s eager to jump ship and go make some real coin. It’s not like the $98K a month he’ll be receiving as pension from MetLife is going to cover his bills.


lavacake // Nov 11, 2009 at 11:09 am
Avaricious Improvident Git(s)
Martin, the Netherlands // Nov 12, 2009 at 5:00 am
Do I understand correctly that Mr. Obama gets paid less than the basic pay of Mr. Benmosche, and gets no performance bonus or stock options?
Hot Links: Dobbs, Rogers, Dimon & The Cloud « The Reformed Broker // Nov 12, 2009 at 8:20 am
[...] LOLFed to AIG’s Benmosche: “Told You This Was The Worst Job Ever!” (LOLFed) [...]
Jason // Nov 12, 2009 at 8:27 am
In terms of cash, yeah, most CEOs get paid more than the president. He pulls in a scant $400K salary, but pretty sure the benefits put him way on top: free mansion + full staff, two big-ass jets + crew & staff, two helicopters + crew, a motorcade with tricked-out armored cars, 24/7 security team, private doctor, and bitches.