AIG confirms Hancock's pay cut by a quarter

Outgoing AIG CEO Peter Hancock received 23 percent less
remuneration in 2016 than the year before, the company has
disclosed in a US Securities and Exchange Commission (SEC) filing.
Hancock received $9.6mn in total compensation for 2016, down
from $12.5mn in 2015, the 13 April filing said.
AIG said last month it would not be awarding Hancock, who was
obliged to resign on 9 March, his $3.2mn cash bonus for 2016.
Other senior executives, including CFO Siddhartha Sankaran,
received 40...