Pay czar agrees as basket of AIG stock rejected by staff
AIG will use shares of AIG common stock in the compensation packages of some of its top employees rather than stock from a basket of AIG companies, demanded by pay czar Kenneth Feinberg, Dow Jones reports.
AIG asked that the stock salary in some cases be granted from common stock of AIG itself, rather than the basket, and Feinberg agreed. The 2009 stock grants are redeemable over three years.
The four AIG subsidiaries that were to make up the basket of stock units were:
- American International Assurance
- American Life Insurance
- Chartis
- AIG's domestic life & retirement services business.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
