Directors at American International Group (AIG) - Get American International Group, Inc. Report are trying to figure out just how to punish CEO Peter Hancock following a $3.04 billion loss in the fourth quarter, the Wall Street Journal reports. This was one of AIG's worst quarterly reports since the government bailout during the financial crisis.

The directors will debate Hancock's fate at a March meeting; options include taking away the CEO's bonus or even ousting him.

It is still too early predict any one outcome, sources speaking to the Journal noted.

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