Presumably part of the reason for the pay upgrade for the new AIG CEO is to cover his duties as company therapist. The $7 million man, Robert Benmosche, is making it known that the abuse AIG employees have suffered at the hands of the Treasury, the Fed, the pink ladies, and pretty much everybody else needs to end.
"I'm appalled at how much pressure has been put on all of you to just sell it no matter what, because the Fed wants out, or the Treasury wants out. If they want out in a hurry, they shouldn't have come in in the first place."
As much as the Beard would love to have that one back, the fact is AIG is still among the living and their workers need to purge themselves of the pain of the past couple years for them to focus on the task at hand. And what better way to clear their conscience than some couch time with the man at the top.
"It's time the people in Congress stopped talking about you as the problem, because you're the solution," he said. "It's not your fault, it's their fault, it's the regulators' fault."
So people, stop dreaming about becoming a shepherd and get back to what you do best- infuriating the free world by allocating bailout money to oversized compensation packages.
Benmosche Tells AIG Workers He'll Rebuild Units Before Sales [Bloomberg]