Insurer American International Group Inc said on Tuesday it paid Chief Executive...
FILE PHOTO: Brian Duperreault, President and Chief Executive Officer of American International Group speaks at the UJA-Federation of New York General Insurance Annual Event in New York City, New York, U.S., June 5, 2018. REUTERS/Mike Segar
The pay, for Duperreault’s first full year at the helm of the insurer, was less than half the $43.1 million he received in 2017, which included a $12 million cash bonus and other one-time awards. AIG now hopes to win over some of the skeptical investors at this year’s annual meeting, set for May 21 in New York. Potentially making the task harder will be that shares of the company declined 34 percent in 2018.In its proxy, filed on Tuesday, AIG listed a number of steps it has taken in response to shareholder concerns, including tying executive pay more directly to share performance.
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