AIG Paid CEO Brian Duperreault $20.9M In 2018

April 4, 2019 | 2 Comments

American International Group [AIG] paid President and Chief Executive Officer Brian Duperreault $20.9 million in 2018, according to a story in the Reuters.

The story said, “Insurer American International Group Inc said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the face of shareholder criticism.

“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.

“Duperreault, known in the insurance industry as a turnaround expert, took charge of AIG in May 2017.

“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.

“For instance, the company said that although Duperreault could have achieved a short-term incentive award of $3.456 million, the board reduced that to $3.04 million in order to reflect “shared accountability” for overall company performance.”

Read the full story here on the Reuters website.

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  1. Do not be surprised. That is their norm!!

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