white men with deep mediterranean tans Oct. 1, 2009

Pay Czar Decides AIG CEO Is Worth Our Money

By Jessica Pressler, a writer living in New York. She has contributed to New York Magazine since 2007.

Ken Feinberg, the Obama administration’s special master on compensation, is expected to formally approve a $10.5 million pay package for AIG CEO Robert Benmosche. How will Bob celebrate this coup with friends, we wonder? Will they be like, “Congrats Bob! You’ll have to let us buy you a drink! Oh, wait, that’s our money you’re getting paid with … never mind, you buy us a drink. Which would really be like us buying us both a drink … whatever. Cheers!” Awkward. [Bloomberg]

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Pay Czar Decides AIG CEO Is Worth Our Money

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