You are here: Home » International » News » Others
Business Standard

AIG Inc returns to pre-bailout paydays for CEO, top executives

AIG's stock closed at $60.78 on Friday, down 7 per cent this year

Reuters  |  New York 

American International Group Inc's new Chief Executive Brian Duperreault has pledged to revive the insurer's glory days of top talent, underwriting discipline and fat profit margins. One thing he has already brought back: big pay packages. As he rejoined AIG in May, the 70-year-old insurance industry veteran received bigger awards than any of his predecessors since Maurice "Hank" Greenberg, the man who built the company into a behemoth and left under a cloud in 2005. Duperreault quickly hired as his deputy Peter Zaffino, a former colleague at broker Marsh & ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, August 28 2017. 18:17 IST