AIG General Counsel Who Protested Meager $500K To Have Her Bluff Called, Get Sacked

[cali]

AIG General Counsel Who Protested Meager $500K To Have Her Bluff Called, Get Sacked

It appears the only thing worse in this world than a measly $500,000 salary is getting no salary at all. And that's exactly what is about to happen to AIG General Counsel, Anastasia Kelly, who before joining the bankrupt firm, was a GC at such reputable organizations as MCI/WorldCon (sic) and Fannie Mae. To paraphrase the objections against a very prominent Treasury Secretary recently, the question is not whether or not she will leave the job, the question is how she got it in the first place. Kelly, who recently was protesting the $500k salary cap imposed by Pay Despot Ken Feinberg, yet was in Benmosche's black book, will likely be out of the organization, presumably involuntarily, by year end. We are confident that with the economy rocking she will be able to find a job that pays her much more in line with her true skills... which based on her track record hopefully involves more than leading three sequential companies straight into bankruptcy.

More from Bloomberg:

Kelly, 60, said in a Dec. 1 letter she was prepared to leave AIG by yearend because of impending compensation restrictions, and the insurer hasn’t sought to keep her, said the people, who declined to be identified because an announcement hasn’t been made. Michael Leahy, a lawyer who works at AIG’s New York headquarters, is among candidates being considered to succeed Kelly, said one of the people.

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http://www.zerohedge.com/article/aig-general-counsel-who-protested-meager-500k-have-her-bluff-called-get-sacked

Here's to you Ms. Greedypants, may you find no other job. May your investments crash, and oh yeah, may a plague of locusts descend on your lovely green suburban lawn.

Kelly joined AIG in 2006 to help the insurer recover from regulatory probes that led to the retirement of former Chief Executive Officer Maurice “Hank” Greenberg. Kelly, former general counsel at MCI/WorldCom and Fannie Mae, didn’t endear herself to AIG’s current CEO, Robert Benmosche, who took over in August, the people said.

The five executives who said they may resign are Kelly; Rodney Martin, who heads a non-U.S. life unit; William Dooley, a senior vice president in charge of the financial-products division; Nicholas Walsh, head of the non-U.S. property casualty operations, and John Doyle, who is in charge of the U.S. property casualty unit, the people said.

[lapfog_1]

1. "the question is not whether or not she will leave the job, the question is how she got it"

You gotta to be kidding. LOOK at her resume. MCI/Worldcom, Fannie Mae.

I surprised she wasn't at Enron.

She was GC at those companies. If you wanted to skate some laws and bend regulations, who the fuck would you hire?

Some goody two shoes or this il-legal eagle?

I don't think the author of this piece really thought this through. Still living in some fairy tale world.

Of course AIG would hire her. She's probably the one that pushed to payoff on those CDS bets at full face value to folks like Goldmann Sachs. With the bailout money we handed AIG. Probably rendered a legal opinion that AIG could do no less!!!

Probably has a few 10s of millions of recently acquired stock options squirreled away in a safety deposit in the Cayman Islands. Back dated and everything.

:sarcasm:

[cali]

2. Excellent point. n/t