{"id":231408,"date":"2010-01-26T11:11:43","date_gmt":"2010-01-26T16:11:43","guid":{"rendered":"http:\/\/washingtonindependent.com\/?p=74783"},"modified":"2010-01-26T11:11:43","modified_gmt":"2010-01-26T16:11:43","slug":"more-questions-for-pay-czar-over-aig-severance","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/231408","title":{"rendered":"More Questions for Pay Czar Over AIG Severance"},"content":{"rendered":"<p>Earlier in the month, Sen. Charles Grassley (R-Iowa) <a href=\"http:\/\/washingtonindependent.com\/74180\/grassley-questions-severance-pay-to-aig-exec\" >had some questions<\/a> for the administration about just how it happened that a top AIG lawyer was given millions of dollars in severance after she quit the bailed-out company in lieu of accepting a pay cut.<\/p>\n<p>Yesterday, Grassley was at it again, asking Kenneth Feinberg &#8212; executive pay czar for the Troubled Asset Relief Program &#8212; for details of yet another enormous AIG severance deal, this one to Suzanne Folsom, the company&#8217;s former chief compliance and regulatory officer. AIG <a href=\"http:\/\/www.workforce.com\/section\/00\/article\/26\/91\/08.php\" >announced<\/a> last month that Folsom left &#8220;to pursue other opportunities.&#8221; She was <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704762904575025652246080106.html?mod=WSJ-Markets-LEFTTopNews\" >reportedly<\/a> given more than $1 million in the process.<span id=\"more-74783\"><\/span><\/p>\n<p>Grassley wants the details surrounding Folsom&#8217;s windfall, including &#8220;copies of all severance\u00a0plans or arrangements signed by Ms. Folsom.&#8221;<\/p>\n<p>You can already hear the complaints from Wall Street: Who cares about $1 million in this universe of <a href=\"http:\/\/online.wsj.com\/article\/SB120036645057290423.html\" >billion-dollar payouts<\/a> and trillion-dollar leverage arrangements? But that, of course, is precisely the sentiment that led to the historic bank collapse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier in the month, Sen. Charles Grassley (R-Iowa) had some questions for the administration about just how it happened that a top AIG lawyer was given millions of dollars in severance after she quit the bailed-out company in lieu of accepting a pay cut. Yesterday, Grassley was at it again, asking Kenneth Feinberg &#8212; executive [&hellip;]<\/p>\n","protected":false},"author":4315,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-231408","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/231408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4315"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=231408"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/231408\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=231408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=231408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=231408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}