Five million dollars. Regardless of how long the assignment lasts. With no performance criteria attached. In addition to his normal salary. And on top of other bonus payments - which it seems will still be forthcoming.
Not to mention a gross severance payment of $9,528,890.
Peter Hancock's tenure as CEO of AIG may have ended in ignominious failure and - reportedly - ouster.
But it has ended lucratively enough for the former JP Morgan executive.
AIG's lame duck CEO has...
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