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Where's the Boss at Rescued Firms?

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Apparently being CEO of a troubled, bailed out company no longer requires your presence. "Robert Benmosche, chief executive of Manhattan-based American International Group, is a resident of Florida. Michael Carpenter, chief of GMAC Financial Services, also in the Motor City, lives most of the year in Greenwich, Conn., and prefers to work in New York. And Sergio Marchionne, the Fiat SpA chief who last year also assumed the CEO role of Chrysler Group LLC, divides his time between Italy and Detroit. The flexibility to live hundreds of miles from the office has emerged as a key perk in the bailout era."