|Bid||63.89 x 1000|
|Ask||63.90 x 900|
|Day's Range||63.70 - 64.15|
|52 Week Range||50.15 - 67.47|
|PE Ratio (TTM)||129.98|
|Dividend & Yield||1.28 (2.03%)|
|1y Target Est||N/A|
American International Group Inc CEO Brian Duperreault said on Wednesday the company would likely slow the pace of share buybacks and instead spend on acquisitions. To meet the objective, AIG would slow its pace and frequency of share buybacks. "The likelihood we can continue the pace of share buybacks is low because there are other things I can use the money on," Duperreault said.
Shareholders at the annual meeting in New York voted to award Hancock a total compensation of $9.58 million for 2016, including a $1.6 million base salary, longer-term incentive pay in stock worth more than $7.8 million and additional funds. Hancock was not awarded a cash bonus for his work last year, after the company's dismal financial performance roiled shareholders. In May, AIG named Brian Duperreault as its new chief executive officer, selecting a protege of former CEO Hank Greenberg and an industry veteran known for his turnaround expertise.
Accenture will eliminate its existing U.S. pension plan with lump-sum payments and group annuity contracts.