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+--- Thread: AIG's ex-CEO Refuses $22 Million Payout (/showthread.php?tid=62619)
AIG's ex-CEO Refuses $22 Million Payout - rgG - 09-22-2008
Perhaps a person of character may have emerged on Wall Street. He had only been the CEO since June 15, 2008.
American International Group's former Chief Executive Robert Willumstad has rejected a $22 million severance payment, the Wall Street Journal reported, citing a person familiar with the decision.
Willumstad e-mailed his successor, Edward Liddy, of his decision to forego the severance since he was not able to execute the restructuring plan he had developed, the paper said.
http://www.cnbc.com//id/26834025
Re: AIG's ex-CEO Refuses $22 Million Payout - Mike Sellers - 09-22-2008
You hear so much lip service paid to "personal responsibility" it's kind of shocking when someone actually takes it.
Re: AIG's ex-CEO Refuses $22 Million Payout - Lux Interior - 09-22-2008
I have a feeling the next article on this guy will involve the trunk of his car and deceased prostitutes.
Re: AIG's ex-CEO Refuses $22 Million Payout - Gutenberg - 09-22-2008
He was the CEO for three whole months! $22 million is cheap.
Seriously, I think this fellow looked down the road a bit and realized that the amount of flak he would take for accepting the $22 million would make it not worth accepting.
Re: AIG's ex-CEO Refuses $22 Million Payout - wurm - 09-22-2008
Can he be drafted to run for president?
Re: AIG's ex-CEO Refuses $22 Million Payout - rgG - 09-22-2008
wurm wrote:
Can he be drafted to run for president?
You know, the same thought crossed my mind.
Re: AIG's ex-CEO Refuses $22 Million Payout - swampy - 09-22-2008
He must be a Republican or, an honest Democrat. LOL
Re: AIG's ex-CEO Refuses $22 Million Payout - Mike Sellers - 09-22-2008
Gutenberg wrote:
He was the CEO for three whole months! $22 million is cheap.
Seriously, I think this fellow looked down the road a bit and realized that the amount of flak he would take for accepting the $22 million would make it not worth accepting.
Considering how much of a rarity this kind of behavior is, I say let's give him the benefit of the doubt. No one will follow his example if his actions are automatically met with suspicion instead of praise.