Only 55% of AIG Shareholders OK $21 Million Compensation for CEO Duperreault

May 23, 2019 by Suzanne Barlyn and Ross Kerber

American International Group Inc. said shareholders approved a $21 million pay package for Chief Executive Officer Brian Duperreault by only a narrow margin during the company’s annual meeting on Tuesday.

A non-binding resolution to endorse the firm’s executive compensation received support from just 55% of votes cast, according to a securities filing by the company Tuesday afternoon, far below the norm of 90% or more for U.S. stock issuers.

The share of the vote was also lower than at last year’s meeting, when 62% of votes cast were in favor of the firm’s compensation, a situation that often leads to pay adjustments.

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Originally Posted at Insurance Journal on May 22, 2019 by Suzanne Barlyn and Ross Kerber.