During his career, Robert H. Benmosche had significant stakes in AIG, with most of his wealth tied up in restricted stock. In 2009, he was granted a $7 million salary, which included $4 million in common stock that couldn’t be...
During his career, Robert H. Benmosche had significant stakes in AIG, with most of his wealth tied up in restricted stock. In 2009, he was granted a $7 million salary, which included $4 million in common stock that couldn’t be sold for five years. This was a strategic move tied to the government’s Troubled Asset Relief Program (TARP) to help stabilize AIG after the financial crisis. By 2013, when AIG had recovered some of its footing, his cash incentive shot up to $6 million, proving his compensation was directly tied to the company’s performance. Over the years, he managed to stabilize AIG, showing impressive leadership through heavy regulations and monitoring. His strategic holdings and their eventual value reflected the risks and rewards of managing a giant insurance firm under financial scrutiny.