Benmosche’s first AGM run smoothly on promise to repay
AIG chief executive Robert Benmosche said at the insurer’s annual meeting that the AIG would continue to make a profit and pay back all of its obligations, including the $101.6bn it owes US taxpayers, the FT reports
The FT said: “Compared with last year, when investors expressed their disapproval of AIG's ballooning losses, yesterday's meeting was calm and short, a sign AIG is putting its most troublesome problems behind it.
“All of the 11 directors nominated for re-election were voted in by a majority.
“Four other measures supported by the company passed, while not one of the three shareholder proposals, including a requirement that senior executives retain 75 per cent of all equity based pay for at least two years after they leave the company, received the necessary majority.”
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