It is down 10% from 3 years ago. Other insurance companies, Chubb up over 30%, Travelers up 20% to name 2
So Brian and Pete and all the “talent” they brought in actually made it worse. Than Peter H.
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Does Doug care as long as he gets paid? Besides probably can’t be worse then current situation
Interesting to see when Doug reports into LR
I don’t work there anymore but I follow this blog because AIG is like watching a movie about corruption- it’s unbelievable to me how these executives who do nothing and fail fail miserably at their jobs get millions. They aren’t Those wealthy class who “earned” this wealth. It was handed to them - a sinking ship and a liars club of Executives - one last bleed of the coffers before tanking it totally. That is text book corruption. And I remember when BD took over WOW what a scam - he out right lied to the working folks in his speech - simply mind blowing! It’s rotten to the core. Money for nothing !
Scr-w me anytime for $7.9 million bucks! These fat cats are not even worth 1 mil.
KH got screwed compared to BD and PZ. He should have received twice as much as the others
2019 compensation, haven't seen 2020 yet, but it should be a whopper.
NAME AND TITLE TOTAL COMPENSATION
Kevin T. Hogan
Executive Vice President and Chief Executive Officer, Life and Retirement $7,956,683
Douglas A. Dachille
Executive Vice President and Chief Investment Officer $10,545,023
Brian Duperreault
Chief Executive Officer $19,191,331
Mark D. Lyons
Executive Vice President and Chief Financial Officer $7,755,130
Peter Zaffino
President and Global Chief Operating Officer, AIG and Chief Executive Officer, General Insurance
$18,388,334
Yeah BD did not fix the underlying problems with underwriting, especially in GI North America (well PZ was supposed to turn around GI but well....we know how that turned out last year haha). Overall the company still cannot turn a profit from its underwriting and no amount of "adjustments" to the combined ratio can change that. Overall BD has been a huge bust, he had grandiose ideas but was not the man for the job. The board gave him way too much money upfront so he had no motivation to fix the problems on the ground and he always had a short term mentality when he became the CEO (to pump up his bank account before he floats away on his golden parachute).