Shareholders approve package for Brian Duperreault
AIG chief executive Brian Duperreault has had a $21m pay packet approved by shareholders.
The pay packet was approved by a narrow margin at yesterday’s annual general meeting.
The decision was approved by 55% of votes by shareholders.
Influential proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis had argued bosses get paid too much and urged shareholders to vote against packages.
“The company paid more than its peers, but performed significantly worse than its peers,” Glass Lewis said in a report seen by Reuters last month.
AIG showed signs of recovery after posting an improved performance in first quarter results this year.
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