The son joined in September and his pay was “determined in accordance with our standard employment and compensation practices applicable to employees with similar responsibilities,” the New York-based company said today in a proxy statement.
AIG reported the compensation in a section about “relationships and related-party transactions.” A preliminary filing on March 13 disclosed the hiring without including the pay.
The son has a real-estate role, Jon Diat, a spokesman for the company, said March 13. He declined to comment further today.
The CEO’s total compensation was about $14.8 million last year, including a $2.3 million salary. AIG is the largest commercial insurer in the U.S. and Canada.
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