AIG (All In Gratitude)

AIG’s new boss will make an annual salary of $3 million and receive bonuses and stock options worth millions more. Chief Executive Robert Benmosche, who took over the bailed out insurer’s reins on Aug. 10, will take home $3 million in cash and $4 million in stock options.

According to an AIG spokeswoman, Benmosche will receive his “stock salary” in equally divisible, bimonthly payments of common shares. Under the terms of his pay deal, he can’t sell those shares until August 2014.

This is an interesting statement to use when considering the current climate and opinions on “bailed-out” firms renumeration and debating recruitment and retention of senior management in the current economic climate.

Some will argue that this is the old corporate culture sneaking back into business whilst other will consider that it forms more of a long term policy to develop and implement strategic change within a business.

Your view?