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AIG agrees to terms with CEO

AIG agrees to terms with its CEO Robert Benmosche.

Reinsurance | 25 Nov 2009 | 15:16

AIG lobby

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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