Does AIG's new CEO deserve $7 million?


Does anyone who can't send a baseball into orbit, create the next hit YouTube video or cure cancer "deserve" to be paid $7 million ? I am not sure.

But what I can say is that paying that level of salary to American International Group Inc. (AIG) Chief Executive Robert Benmosche seems reasonable. That is the view of the Obama administration's pay czar Kenneth Feinberg, who is charged with making sure that firms that received federal money don't unjustly enrich themselves. It seems like a noble albeit losing cause.