Isn't it funny that some of those CEOs that told Congress they would work for $1 got perks that far exceed that figure?
American International Group Inc.'s (NYSE:AIG) Edward Liddy is the latest CEO to accept $1 salary for 2008, but he also received $460,411 in perks and benefits, according to a Securities and Exchange Commission
filing.
Liddy's reported compensation consisted of:
- $162,686 in financial, tax and legal planning
- $180,431 in tax-related payments
- $47,578 for personal use of aircraft
- $31,348 for a car and driver
- $38,368 for living expenses.
That's not quite as bad as Citigroup Inc.'s (NYSE:C) CEO Vikram Pandit, who pledged to accept a salary of $1 for 2008 and then received
nearly $11 million of compensation for the year. -
Maria Woehr
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