AIG also agreed to pay about $110 million to acquire a U.S. operation from Hamilton, which includes a $30 million premium to the book value of the Bermuda-based firm. AIG CEO Brian Duperreault paid $20.9 million in 2018 — half … During the credit crisis last fall, the government rescued AIG from the brink of collapse with a bailout package worth up to $182.5 billion. The new CEO told investors on a conference call he doesn’t plan to break up the company, as Icahn has previously advocated. -. Benmosche, a former MetLife chairman and CEO, was named president and CEO of AIG on Aug. 3. AIG CEO Brian Duperreault’s Total Compensation $20.9 Mln …, 10. Taken together, that’s 23 percent more than Hancock’s $13 million target annual pay. Before joining Hamilton, he was CEO of insurance broker Marsh & McLennan Cos., where he helped restore confidence of investors and clients. “It is extremely gratifying that the activist strategy continues to create value for all shareholders,” Icahn said in a Twitter post Monday, adding that he was pleased AIG was making “much-needed” changes he’s been advocating. American International Group Inc. AIG 1.36% Turn on desktop notifications for breaking stories about interest? Hamilton focused on data analytics with Two Sigma to help decide which insurance risks to take, and how much to charge for them. Compensation Information for Brian Duperreault, Chief …, 4. Have a confidential tip for our reporters. AIG’s compensation for its top executives fell across the board. The government now owns roughly 80% of the huge insurer. Duperreault will seek to bring stability to AIG, which has endured the departures of top executives, higher-than-expected claims costs and four losses in seven quarters. Icahn sought a breakup when he disclosed a stake in AIG in late 2015, and the billionaire has representation on the insurer’s board. For its 2019 fiscal year, AMERICAN INTERNATIONAL GROUP INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. … CEO / President. He will need to decide the right size for AIG, which has been shrinking for years through asset sales. Sie arbeiten im Bereich HR oder Marketing? NEW YORK (CNNMoney.com) -- AIG Chief Executive Edward Liddy agreed to slash his annual salary to $1 as part of a series of voluntary pay restrictions by top executives tied to … “It’s a good choice, he’s a good man,” Greenberg said Monday by phone. Board of Directors – Insurance from AIG in the US – AIG.com. Recently, the insurer has exited some operations in Brazil, Turkey, Japan and the U.K., while also divesting a mortgage guarantor. Of the 1.5 million options, Duperreault will get a third within three years and the remaining will vest in increments if AIG’s share price exceeds hurdles set $10, $20 and $30 above its current level. 87990cbe856818d5eddac44c7b1cdeb8, Copyright © 2020 Dow Jones & Company, Inc. All Rights Reserved, Joe Biden Speaks on Election Night as Vote Count Continues, Election 2020: Voters Await Results After Trump, Biden Make Final Pitch, Election 2020: Trump and Biden Make Final Push, ISIS Sympathizer Opens Fire Near Synagogue in Vienna, Election Update: America Votes, Battleground States to Watch, Get a 20% American Eagle coupon with your new AEO Connected credit card, Get 25% Macy's coupons with email and text sign up, Download the mobile App for free Nordstrom coupons, 20% off 1st in-app purchase over $65 with Forever 21 coupon code, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Chief Executive Brian Duperreault’s pay was cut in half from a year earlier when his compensation package included a $12 million sign-on bonus. AIG CEO Brian Duperreault paid $20.9 million in 2018 — half …, 7. The annual pay comprises $1.6 million in salary, a $3.2 million target bonus and an $11.2 million long-term incentive consisting of restricted shares, some of which are linked to performance. NEW YORK -- American International Group's new CEO will be paid a yearly salary worth $7 million and could earn millions more in performance-based incentives, the bailed-out insurance giant said Monday.