Tuesday, November 25, 2008

AIG CEO does something right

It's not much, but it's nice to see AIG's CEO cutting his salary to $1 this year.  Sure he'll make money in other ways, but at this point even the smallest gesture is nice.

1 comment:

Nomad said...

I thought it was a sign of the times when Congress tried to get the CEOs of the Auto companies to take a $1 salary, and the answer was "We think we're properly compensated, thank you." The power of this symbolic gesture - as when Steve Jobs took it at Apple - is hard to underestimate. If a CEO is unwilling to sacrifice him/herself, why should the taxpayers sacrifice for her/him?

Another sign why we need to let at least one auto company fail.