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CEO with a conscience...

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September 22, 2008 – Comments (1)

Jeez. And this is the guy they fired?

AIG's ex-CEO refuses $22 million severance payout: report
Monday September 22, 6:23 am ET

(Reuters) - American International Group Inc's (NYSE:AIG - News) former Chief Executive Robert Willumstad has rejected a $22 million severance payment, the Wall Street Journal reported, citing a person familiar with the decision.Meanwhile, Angelo Mozillo and others are enjoying their tens of millions, nodding their heads as the rest of us get stuck with the junk loans they wrote, sold, and cashed out as "profits" before they went bad.No good deed goes unpunished, they say.Sj

1 Comments – Post Your Own

#1) On September 22, 2008 at 11:06 AM, anchak (99.84) wrote:

If they have half-a-brain they should hire Bob Willumstad to lead this deleveraging endeavor - of course he may very well turn it down.

Citi had a choice between him and Chuck Prince!

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