AIG bonuses exceed targets on improving results

|By:, SA News Editor

CEO Bob Benmosche earned a $6M incentive bonus, 50% more than his target, P&C chief Peter Hancock received $3.5M vs. a target of $2.7M, and Jay Wintrob - CEO of the life unit - got $3.8M, 58% ahead of his goal.

Overall Benmosche received $14.8M in 2013, 40% more than the previous year.

The stock gained 45% in 2013 vs. a 30% gain in the S&P 500.

In other news, former BlackRock executive and Treasury undersecretary Peter Fisher is appointed to the board.