April 2009
American International Group plans sale of U.S. auto business, 21st Century Insurance, to Zurich Financial Services
US taxpayer-bailed out insurance giant American International Group Inc. (AIG) is in advanced talks to sell its US personal lines insurance business, 21st Century Insurance, to Zurich Financial Services for about $2bn. Selling the unit, which includes ...
March 2009
AIG CEO Edward Liddy says employees starting to return bonuses: Congressional Questioning
AMERICAN International Group has asked staff to return at least half of the controversial bonuses handed out recently. The head of financially strapped AIG Edward Liddy is telling Congress he’s heard the rage over executive bonuses and has called...
AIG investor Eli Broad said he has thrown in the towel!
once the world’s biggest insurer, American International Group Inc had to be bailed out by the U.S. government last September after losses on bad mortgage bets. A better approach, suggested Broad, would have been to offer government guarantees on...
February 2009
AIG Asia asset sales plan, yes or no?
Citigroup and Goldman Sachs are advising AIG on its Asia asset sales. AIG initially intended to sell 49% of AIA, which is Asia’s largest life insurer with operations in 10 countries, but it has since signaled it was open to selling the whole unit...
December 2008
Former AIG CEO Hank Greenberg with With Neil Cavuto
NEIL CAVUTO, HOST: Well, you know, everyone is still talking about this column: “The role of government is to help a company stay in business.” Those are the words of former AIG chairman Hank Greenberg in this latest op-ed that is still cau...
November 2008
AIG restricts CEO compensation or its just a publicity stunt!
Give me a break! It’s a publicity stunt. Get people looking at the CEO, or the “top 5″ and ignoring the rest of the company. They probably have hundreds, if not thousands of executives making high 6 figure salaries and huge bonuses. ...
October 2008
What is Former AIG chief Maurice R. Greenberg alternative rescue plan?
Maurice Greenberg, a major AIG shareholder former chief executive officer of American International Group, says the terms of the 123-billion-dollar US government bail-out are unfair and could lead to destruction of the company. In a letter posted Tues...
September 2008
AIG's Robert Willumstad Declines AIG Severance Package
American International Group Inc’s (AIG) former Chief Executive Robert Willumstad has rejected a $22 million severance payment, the Wall Street Journal reported, citing a person familiar with the decision. Willumstad e-mailed his successor, Edward L...
Review and analysis on AIG Bailout: Robert Willumstad may be replaced by Edward Liddy
If large financial institutions are too systemically important to fail, then they should not be in private hands at all. We have not even begun to see the fallout from the Lehman failure. It will take years for all of that to unwind. What in the world...
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