On August 28, 2009
AIG’s Benmosche Can Talk, But Can He Walk the Walk?
American International Group CEO Robert Benmosche’s pay package is worth $10.5 million a year. And judging by the hype he is garnering for the once-crippled company, Benmosche is well-worth it. AIG shares have risen from $13, when it was first announced that the former MetLife CEO would come on board, to nearly $56 today. Even The New York Times is perplexed. “Who would want to buy a stock that’s still 80 percent owned by the government?” asked an analyst in today’s story. Like Madonna, Benmosche is his own best PR agent. Reinventing a company’s image is a very important skill. Having taken up residence at his villa in Croatia, he is granting interviews to media like Bloomberg who have stopped…
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