AIG Discloses How CEO Benmosche Earned His $3.5 Million Bonus
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American International Group Inc., the bailed-out insurer, disclosed details of Chief Executive Officer Robert Benmosche’s achievements that allowed him to earn a $3.5 million performance-linked bonus.
Benmosche helped stabilize New York-based AIG’s ratings with Standard & Poor’s and Moody’s Investors Service, imposed risk-management controls and filled manager vacancies, the company said yesterday in a filing. The insurer amended an earlier disclosure after the U.S. Securities and Exchange Commission requested the information, said Mark Herr, an AIG spokesman.