MBIA Inc. (NYSE: MBI) shareholders may be hurting after the bond insurer posted a $1.9 billion loss, but executives are set to receive salary increases and "retention awards" of up to $2.3 million. The company's board of directors approved salary increases of 60% for some executives while awarding executives that stay with the company an as much as $2.3 million in "retention awards". MBIA justified the move saying they needed to keep certain employees while the raises only offset cuts to bonuses this year as a result of the stock price dropping more than 75%. Where can shareholders sign-up to be paid back the money they lost out on recently?

MBIA underwrites insurance policies that promise to repay bondholders when bond issuers default. The company currently has $680 billion in debt and has been threatened by ratings agencies as decaying credit quality has put its credit rating at risk. Any drop below AAA would almost certainly eliminate the firm's new business, putting pressure on its existing loans and its ability to raise additional capital through equity. Many investors like Bill Ackman are even questioning whether or not the company can stay alive and are shocked they are even granted an AAA rating at times like these.