Insight and Intelligence on the London & International Insurance Markets

19 April 2018

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Opinion: Hancock’s millions

Adam McNestrie 20 March 2017

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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