Louis Ashworth Author Rss https://faqinsurances.com/author/louis-ashworth/ Louis Ashworth Author Rss - Faqs of Insurances Thu, 01 Jun 2023 01:00:05 +0000 en-US hourly 1 https://faqinsurances.com https://faqinsurances.com/public/skin/logo.png Louis Ashworth Author Rss https://faqinsurances.com/author/louis-ashworth/ 144 144 <![CDATA[Getting judged by your peers has never been so lucrative ]]> https://faqinsurances.com/2023/06/01/getting-judged-by-your-peers-has-never-been-so-lucrative/ Thu, 01 Jun 2023 01:00:05 +0000 https://faqinsurances.com/2023/06/01/getting-judged-by-your-peers-has-never-been-so-lucrative/ When AIG earlier this month asked shareholders to approve an extra $50mn pay award in shares for its boss, the answer was a resounding “we’d advise you to get in the sea”:

The blockbuster payout for Peter Zaffino (whose total salary in 2021 and 2020 reached $21.9mn and $24mn respectively), was set to be a flashpoint, with proxy heavyweights Glass Lewis and ISS both giving it the thumbs down ahead of the shareholder vote (mainFT’s Ian Smith had a curtainraiser here).

We can’t imagine why they decided to ditch the percentage.

This story originally appeared on: Financial Times - Author:Louis Ashworth

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