Benmosche Gets 24% Pay Boost in 2013 After AIG Bailout Repaid
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American International Group Inc. increased Chief Executive Officer Robert Benmosche’s pay package by 24 percent after he repaid a U.S. bailout.
Benmosche, 68, is eligible in 2013 for $13 million, including an annual bonus of $4 million and multiyear incentive pay of $7 million, on top of a cash salary of $2 million, according to a regulatory filing yesterday. He received $10.5 million in 2012, with $3 million in cash and $7.5 million in stock, and neither amount was tied to AIG’s performance.