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Bonus Watch ’14: Robert Benmosche

Benmosche, 69, earned a $6 million cash incentive, 50 percent more than his target, the New York-based insurer said yesterday in a regulatory filing…AIG revamped pay plans for executives last year to link compensation to performance after the end of restrictions tied to a U.S. government bailout. AIG repaid the rescue in 2012 and advanced 45 percent last year, beating the 30 percent gain of the Standard & Poor’s 500 Index. The plan “aligns the economic interests of our executives with the long-term interests of AIG and our shareholders,” the insurer said in the filing. Benmosche received a $2.3 million salary and $6.5 million in stock awards, bring his total compensation to $14.8 million, That’s 40 percent more than he earned a year earlier. [Bloomberg]

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One Response to “Bonus Watch ’14: Robert Benmosche”

  1. Guest says:

    Shareholder interests! Good one, you slay me Bobby B

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