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March 25, 2009
Chris Dodd's Wife Also Feeds at the AIG Teat
Posted by Dave Blount at March 25, 2009 9:51 AM
On the opposite side of the waitress sandwich from Chappaquiddick Ted Kennedy lies fellow Dem Senator Chris Dodd, who has stopped lying long enough to fess up to authorizing the ballyhooed bonuses for execs of effectively nationalized AIG. Clodd says the Obamination Administration twisted his arm; maybe, but I doubt Chairman Zero had to twist very hard:
No wonder Senator Christopher Dodd (D-Conn) went wobbly last week when asked about his February amendment ratifying hundreds of millions of dollars in bonuses to executives at insurance giant AIG. Dodd has been one of the company's favorite recipients of campaign contributions. But it turns out that Senator Dodd's wife has also benefited from past connections to AIG as well.
From 2001-2004, Jackie Clegg Dodd served as an "outside" director of IPC Holdings, Ltd., a Bermuda-based company controlled by AIG. …
Clegg was compensated for her duties to the company, which was managed by a subsidiary of AIG. In 2003, according to a proxy statement, Clegg received $12,000 per year and an additional $1,000 for each Directors' and committee meeting she attended. …
Clegg was a diligent director. In 2003, the proxy statement report, she attended more than 75% of board and committee meetings.
Why not? $1,000 to doze through a board meeting isn't bad pay — unless you compare it with the 100s of $billions of our money that Dodd, Obama, Geithner et al. have been shoveling at AIG.
Wife Jackie was not invited to take part in the sandwich.
On tips from J and nancz.
