This is now posted on contact. If you look at the 2022 proxy statement on page 84 it lists executive comp. PZ and crew are doing okay. It looks like their salaries are keeping up with inflation. Heck, even BD still managed to pull in $14,000,000 in 2021 for doing absolutely nothing.
You got to hand it to this exec team. They are not afraid to loot a company in plain sight!
All of these comments make me chuckle…..Pirate Pete and his band of looters survive to pillage for at least another year! I am so glad I am not working at AIG.
Compare this post to the post about raises. The minions get 2% to feed their families and Peter gets $195,000 to spend on a corporate jet. Yes, that is what's wrong with this company.
You guys are being too harsh on Peter. He only used $55k of his $195k personal allowance for the corporate jet.
I bet he drove to Nantucket himself this year!!
I swear has BD even been in NY the last 3 years? or has he been CEO / chairman from bermuda? This dude is not even a remote worker. He’s an ISLAND BOY worker
BD got $14,000,000 for sitting in Bermuda watching the sunsets over the ocean. LMAO, and you didn't get a raise. BD is like a mafia godfather and the board just sits and watches.
You know why execs get paid in stock options? They are completely tax free until you sell the stock. Execs can borrow against them, use them as collateral, and pay them back with no tax burden until they actually sell the stock. If the stock appreciates enough, it not only covers the debt, but the tax when they are sold.
Yes, you guessed it. That is why AIG only cares about the stock price and stock buy backs versus taking care of their employees. Because it is how the execs make their fortune. To be fair, it is not just AIG execs that do this. Aig execs are just some of the most egregious offenders.
Let's say, oh, I don't know, the CEO at AIG makes $22,000,000 a year, but he only takes a salary of $1,400,000. He gets taxed on only the $1,400,000 unless he sells some stock. Pretty great system if you are part of the club.
Executive Salaries are keeping up with inflation? Dude they are making multi millions.. even if they don’t get a raise for the next 10 years, I’m sure they’re $15M flat will help them get through life VERY comfortably. Sure inflation will eat there money away by a little but it’s then their problem if they decided to live an extra extravagant life in which that case they actually need raises to compensate. But boo hooo.. i have no sympathy for people like that.
Just to put this in perspective (stock or cash doesn’t matter). AIG executives make easily 100k+ every two weeks = 2.4m yearly pre tax. Even worst case they make 100k a month = 1.2M a year. Just let that settle in.. some will say it’s not all cash, okay they sell stock obviously to live their life but they have this ability to have money up front monthly.
The average employee makes maybe 4-6k monthly. This gets people by but do u see how WE need raises versus the executives don’t. They can cover emergency, tuition, life, etc.. we can survive and then some… maybe!