NEW YORK (Reuters) - Some members of insurer AIG's board are concerned about recent strong comments from their new chief executive Robert Benmosche, the Wall Street Journal said on Wednesday citing people familiar with the matter.
Jan. 9 (Bloomberg) -- American International Group Inc. said it has a duty to weigh joining a suit by former Chief Executive Officer Maurice “Hank” Greenberg that claims the insurer’s 2008 U.S. bailout was unconstitutional. “The board of directors has fiduciary and legal obligations to the company and its shareholders to consider the demand served on us,” CEO Robert Benmosche said yesterday in a statement.
If the students graduating from Alfred University on May 18 are expecting a world-is-your-oyster type speech from speaker, AIG CEO and Alfred alumnus Robert Benmosche, then they may want to put on headphones during his portion of the ceremony.
Clark Troy submits:There was much speculation that the failure of Prudential PLC's bid to buy AIG's crown jewel in Asia, AIA, would result in a shake-up at the top of the British insurer. Instead, what we are seeing is a change at the top of AIG.
Clark Troy submits:Reuters on Monday reported that according to Chinese-language financial source the 21st Century Business Herald, a consortium of Chinese bidders including banking heavyweight ICBC (Industrial and Commercial Bank of China) and its life insurance peer China Life might bid as much as $10 billion for up to 30% of AIA, the crown jewel of AIG's empire in Asia, prior to the unit's lon