AIG Exec Gets $4M Raise

Windfalls

Updated Apr. 25, 2017 11:25AM ET / Published Dec. 22, 2009 1:27AM ET

Who needs bonuses when you can get a raise? Pay czar Kenneth Feinberg has approved a raise for an AIG executive that will give him or her over $4 million on top of a base salary of $450,000. The pay package includes stock options currently worth $3.26 million and additional incentive award of up to $1 million. Feinberg said he approved the package so it would be comparable to those that other executives at AIG receive. The executive had been planning to leave the company.

Read it at Associated Press

Audio Cheat Sheet

1.

U.S. Coronavirus Death Toll Doubles to 4,000 in Three Days

There are over 189,000 confirmed virus cases in the U.S., and 4,081 people have lost their lives.

2.

Loeffler Invested in Firm That Makes PPE Garments: Report

New documents show millions of dollars in shares were sold on the Georgia senator’s behalf while Congress was dealing with the impact of the coronavirus.

SHOP WITH SCOUTED

3.

Things Are Crazy but Speks’ Relaxing Desk Toys Are 40% Off

Take a second to play with these magnetic desk toys while everything around you is kind of stressful.

4.

White House ‘Halts Overseas Shipments of PPE’ After Mix-Up

A confusing phone call saw U.S. officials begging Thailand to send equipment—which the U.S. was in the process of sending to them.

5.

Study: 60% Had Loss of Smell and Taste as Virus Symptoms

British researchers collected data from around 1.5 million people via a symptom-tracker app in first study of its kind on COVID-19 outbreak.

6.

Prince Charles Tells Britain He Is Getting Better

Recovering from coronavirus, the heir to the throne tries to rally the troops.

7.

Nunes: ‘Overkill’ for California to Cancel School Year

“If we don’t start to get people back to work in this country over the next week to two weeks, I don’t believe we can wait until the end of April,” he added.

8.

Bill Gates Tells Trump: Stop Stoking Coronavirus Cure Rumors

The billionaire, who urged leaders to prepare for a pandemic years ago, has some advice for the president.

9.

Russia Says It Sent a Plane Full of Medical Supplies to U.S.

Critics have warned that, in accepting the aid, President Trump has fallen for a Kremlin public-relations stunt.

10.

Federal Prisons Will Confine Inmates to Cells for Two Weeks

Cramped prison conditions make them potential tinderboxes for outbreaks of the coronavirus.