President Obama’s executive compensation patroller is expected to give his approval to the pay package of AIG’s newest chief executive next week, according to Reuters. Robert Benmosche, who succeeded Edward Liddy earlier this month, is expected to receive a compensation package that includes a $3 million base salary and $4 million in vest stock. His bonus could reach as high as $3.5 million. Kenneth Feinberg, the administration’s special master for executive compensation, will likely approve Benmosche’s salary before compensation for other AIG employees is considered.
Kenneth Feinberg, Obama Administration’s Special Master for Executive Compensation, will weigh in on the CEO pay debate at the Boardroom Leaders Forum in New York on November 16 and 17. Click here for more details.