American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more years as life expectancies increase.
“Retirement ages will have to move to 70, 80 years old,” Benmosche, who turned 68 last week, said during a weekend interview at his seaside villa in Dubrovnik, Croatia. “That would make pensions, medical services more affordable. They will keep people working longer and will take that burden off of the youth.”
Such gratitude from those we bailed out.
In his first meeting with AIG employees, Benmosche called Congress a bunch of "crazies," saying he would tell them to "stick it where the sun don't shine" if he was called to testify on Capitol Hill. He also announced that New York Attorney General Andrew Cuomo, who had been investigating AIG, "doesn't deserve to be in government."
Benmosche didn't stop with the barbs. After board members tried to rein him in, he asked for a private jet for personal use and later threatened to quit over government-prescribed pay restrictions.