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AIG agrees to terms with CEO
Author: Alexander Ferguson
Source: Reinsurance | 25 Nov 2009
Categories: Reinsurance | Insurer
Tags: Aig | Us | Credit crunch | Recession
AIG agrees to terms with its CEO Robert Benmosche.
AIG said that it is implementing the compensation agreement of Robert Benmosche, its CEO.
Under the previously disclosed agreement, Mr. Benmosche will receive an annual salary of $3m in cash and $4m in AIG common stock.
A couple of weeks ago there was some worry if Benmosche would stay because of draconian US government interference with employees' pay.
Benmosche is AIG's third CEO in a year following the resignations of Martin Sullvan and, more recently after AIG's nationalisation by the Federal Reserve Bank, Edward Liddy.
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