Articles by Suzanne Barlyn and Ross Kerber

Only 55% of AIG Shareholders OK $21 Million Compensation for CEO Duperreault

American International Group Inc. said shareholders approved a $21 million pay package for Chief Executive Officer Brian Duperreault by only a narrow margin during the company’s annual meeting on Tuesday. A non-binding resolution to endorse the firm’s executive compensation received …

AIG CEO Duperreault Was Paid $20.9 Million in 2018, Half of 2017 Compensation

Insurer American International Group Inc. said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the face of shareholder criticism. The pay, for Duperreault’s …

IPO-Bound Lyft Tells Investors Lowering Insurance Costs Is Priority

Lyft Inc. executives are focused on cutting insurance costs and will phase in self-driving vehicles on simple routes first, they said at a road show for investors ahead of the ride-hailing company’s initial public offering set for next week. Reducing …

SEC to Revisit ‘Proxy’ Voting Favored by Investors Raising Social, Climate Issues

The U.S. securities regulator is set to review this month rules on corporate democracy, setting it up for a clash with investors who worry the agency will side with companies to diminish voting rights on charged issues like climate change …

Here’s What AIG Paid CEO Duperreault

American International Group paid its new chief executive Brian Duperreault $43.1 million last year, a securities filing showed on Tuesday. AIG, which during the financial crisis faced questions over the compensation of former leader Maurice “Hank” Greenberg, had previously outlined …

Smith & Wesson Gun Maker CEO Defends Safety Efforts

The top executives of gun maker American Outdoor Brands Corp. on Tuesday defended their safety efforts in a letter to asset manager BlackRock Inc. posted on the website of the maker of Smith & Wesson guns. American Outdoor Brands and …

Shareholder Activists Press Drug Firms on Business Risks of Opioid Crisis

U.S. shareholder activists are addressing a soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from their role in the sector. Leaders of a 30-fund group …

Wells Fargo Facing Disclosure Questions Over ‘Phantom’ Sales Scandal

A phantom account scandal at Wells Fargo & Co. has put the U.S. bank’s disclosure policies under a harsh spotlight. Despite press reports that a federal regulator and the Los Angeles prosecutor were investigating sales practices at retail branches of …

Asset Managers Urged to Make Cyber Risk Top Priority

Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks have …

Citi Skimped on ID Theft Protection for Data Breach Victims: Reuters

After a massive data breach last month, Citigroup did not offer its hacked clients the same degree of identity-theft protection that many other companies provide, drawing criticism from privacy advocates. Citigroup, which had over 360,000 credit card accounts exposed last …