AIG Protest

Robert Benmosche, AIG's CEO, isn't the only one threatening to leave the firm.

Turns out that five top AIG executives have threatened to leave as well.

Somehow being underpaid vs. what they could get elsewhere, and over-hated, isn't a good deal to them.





All of the five executives manage huge responsibilities AIG, such as the international property and casualty business and the U.S. property and casualty business.

Whatever one 'feels' they should be paid, when an entire market is willing to offer them a much higher rate, you need to be practical and realistic. Getting the right people is important to shareholder value, and to do so you need to pay the market rate for talent. You can't let your 'feel' for proper pay trump massive evidence in the market of what the actual level is. Luckily two of the execs may have agreed to stay already, read the full WSJ article here.

The author owns shares in AIG.