AIG Cuts CEO Incentive Award 29% After Missing Profit GoalsBy and
Hancock falls short in return-on-equity, expense-cut targets
Insurer abandons credit-swaps as pay metric after Icahn's push
American International Group Inc., the insurer being pressured by activist investors to split up, cut short-term incentive pay for Chief Executive Officer Peter Hancock by 29 percent last year as he missed profit targets.
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