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AIG will pay former Lloyd’s CEO John Neal $2.7 million in severance after canceling his hire due to an ongoing investigation.
AIG will pay former Lloyd’s CEO John Neal $2.7 million in severance despite canceling his job offer after learning he was under investigation.
The payment, disclosed in an SEC filing, covers foregone incentives from his prior role and was part of a mutual agreement to end the hiring process.
AIG stated the payout aligns with its retention and transition policies, though details about the investigation or compensation terms were not released.
The decision has drawn scrutiny amid ongoing industry debates over executive pay and accountability.
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AIG pagará al ex director ejecutivo de Lloyd's John Neal $ 2.7 millones en indemnización por despido después de cancelar su contratación debido a una investigación en curso.