The one and only thing that matters to this executive team. Taken directly from Q1 earnings report highlights:
Repurchased $1.4 billion of AIG common stock in the first quarter of 2022.
AIG Board of Directors increased the share repurchase authorization to $6.5 billion.
Hence why the exodus will continue. Even contractors that work for AIG as a client want to be reassigned to other companies. Chubb, NY Life and others are actively recruiting AIG people. After the recent trifecta of positive earnings, no comp increases net of higher health insurance premiums, and forcing people back to work to locations that in some cases double the commute time, turnover is happening and will happen.
But Peter earned every penny of his $20 million and Dupperault certainly contributed well in excess of his $14 million.
Read the annual report, clearly this management team is completely tone deaf
I think you're missing the key point, The share repurchase is for the benefit of employees, Since increases were below average, AIG is getting ready to launch an employee stock purchase plan to increase morale :)
They fired one Pete to hire Pirate Pete…..the worst Pete of all
They fired one Pete to hire Pirate Pete…..the worst Pete of all
And the stock is still below when Hancock was CEO.