AIG investors urged to oppose chief’s $50mn pay award
The two biggest proxy advisers have urged AIG shareholders to vote against its chief executive’s $50mn pay award, saying the special five-year scheme is excessive and not sufficiently tied to performance.
Peter Zaffino, who has led the US insurer since 2021, was hailed as a “visionary, insightful leader” when AIG announced a five-year extension to his contract in November that included the restricted stock award, which vests at the end of the period.
This story originally appeared on: Financial Times - Author:Ian Smith
