Article

2009-10-27 Economy

Ex-A.I.G. Chief Is Back, Luring Talent From Rescued Firm

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Posted by tipper 2009-10-27 08:57|| || Front Page|| [1 views ] Top

#1 When the Pay Czar caps salaries but ignores one of the most guilty parties for the economic damage to the country,..

The pay package given to Freddie Mac's new chief financial officer should have sent a message from Washington to corporate America about how executive compensation standards must change. Instead, it did just the opposite. The government-controlled mortgage finance company is giving CFO Ross Kari compensation worth as much as $5.5 million. That includes an almost $2 million cash signing bonus and a generous salary that could top $2.3 million.

its all about rewarding friends and punishing enemies. Happy hunting Mr. Greenberg.

Posted by Procopius2k 2009-10-27 09:54|| 2009-10-27 09:54|| Front Page Top

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