American International Group Inc said shareholders approved a $21 million pay package for Chief Executive Officer Brian Duperreault by only a narrow margin during the company’s annual meeting on Tuesday. A nonbinding resolution to endorse the firm’s executive compensation received support from just 55% of votes cast, according to a securities filing by the company… Continue reading AIG Shareholders Narrowly Approve CEO’s $21 Million Pay Package
Tag: AIG shareholders
Advisory Firms Say AIG Shareholders Should Vote ‘No’ on Executive Pay
American International Group Inc shareholders should vote against compensation packages for top executives at the insurer’s annual meeting next week, according to two advisory firms that hold sway over investor votes. Institutional Shareholder Services Inc and Glass Lewis & Co, which together influence the vast majority of institutional shareholder votes, each argued in recent reports… Continue reading Advisory Firms Say AIG Shareholders Should Vote ‘No’ on Executive Pay