New A.I.G. CEO to Be Paid at Least $7 Million a Year

Interesting how a company in a financial hole and received gov't bailout would pay a new CEO that kind of salary and stock options.

How much will it cost the American International Group to keep its chief executive to help stabilize the troubled insurer? At least $7 million a year.

A.I.G. disclosed Monday in a regulatory filing that it would pay Robert H. Benmosche, 65, the former head of MetLife, $3 million a year in cash and $4 million in stock.

Mr. Benmosche will also be eligible for up to $3.5 million in stock as part of an incentive plan, A.I.G. said in a regulatory filing.

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