Looking Ahead at AIG
June 26, 2009
Six government-picked directors will be added to American International Group’s board at the firm’s annual meeting Tuesday, where the government will be the majority shareholder.
June 26, 2009
Six government-picked directors will be added to American International Group’s board at the firm’s annual meeting Tuesday, where the government will be the majority shareholder.
AIG Looks to Spin Off Two Units
June 25, 2009 by Joseph McCafferty
AIG announced today that it will reduce its federal debt by $25 billion through the offering of preferred stakes in two units it plans on spinning off.
June 25, 2009 by Joseph McCafferty
AIG announced today that it will reduce its federal debt by $25 billion through the offering of preferred stakes in two units it plans on spinning off.
Greenberg ‘Angry’ About Losing AIG Job
June 18, 2009 by Joseph McCafferty
Former American International Group CEO Maurice “Hank” Greenberg said he was angry about losing his job in 2005.
June 18, 2009 by Joseph McCafferty
Former American International Group CEO Maurice “Hank” Greenberg said he was angry about losing his job in 2005.
Greenberg Defends Sales of AIG Stock
June 17, 2009 by Joseph McCafferty
Maurice R. Greenberg, the former CEO of American International Group, testified yesterday that he always had the right to disband the insurance company’s retirement plan for top performers and to remove its assets.
June 17, 2009 by Joseph McCafferty
Maurice R. Greenberg, the former CEO of American International Group, testified yesterday that he always had the right to disband the insurance company’s retirement plan for top performers and to remove its assets.
AIG Sues Greenberg, Says He Raided Fund
June 15, 2009 by Joseph McCafferty
American International Group is taking former CEO Maurice R. Greenberg to court, accusing him of ransacking a trust that it says was set to pay top performers.
June 15, 2009 by Joseph McCafferty
American International Group is taking former CEO Maurice R. Greenberg to court, accusing him of ransacking a trust that it says was set to pay top performers.
AIG and Starr International to Meet in Court
June 12, 2009 by Joseph McCafferty
Facing a legal battle quite removed from its troubles with government regulators, AIG will go into court on Monday to determine the ownership of tens of millions of shares in the insurance giant.
June 12, 2009 by Joseph McCafferty
Facing a legal battle quite removed from its troubles with government regulators, AIG will go into court on Monday to determine the ownership of tens of millions of shares in the insurance giant.
Cisco, Travelers Replace Citi, GM on Dow
June 2, 2009 by Joseph McCafferty
Citigroup and General Motors were dropped from the Dow Jones Industrial Average.
June 2, 2009 by Joseph McCafferty
Citigroup and General Motors were dropped from the Dow Jones Industrial Average.
Readings: Chronicling Disaster
June 1, 2009 by Django Gold
While some financial pundits may refrain from predicting how the financial crisis will end, there is no shortage of theories on how it began.
June 1, 2009 by Django Gold
While some financial pundits may refrain from predicting how the financial crisis will end, there is no shortage of theories on how it began.
AIG Sets Up IPO of Asian Unit
May 26, 2009 by Joseph McCafferty
American International Group (AIG) is moving ahead with its plan to coordinate an initial public offering of its Hong Kong-based life insurance unit.
May 26, 2009 by Joseph McCafferty
American International Group (AIG) is moving ahead with its plan to coordinate an initial public offering of its Hong Kong-based life insurance unit.
AIG to Seek Liddy Successors
May 22, 2009
American International Group said Chief Executive and Chairman Edward Liddy would step down as soon as a successor is found to take over running the bailed out insurer.
May 22, 2009
American International Group said Chief Executive and Chairman Edward Liddy would step down as soon as a successor is found to take over running the bailed out insurer.
Sale of AIG Unit Drawing Bidders
May 22, 2009 by Joseph McCafferty
American International Group’s selling of its asset-management business is attracting a number of bidders.
May 22, 2009 by Joseph McCafferty
American International Group’s selling of its asset-management business is attracting a number of bidders.
Congress Takes AIG’s Liddy to Task
May 14, 2009 by Joseph McCafferty
U.S. lawmakers yesterday reprimanded AIG CEO Edward Liddy for not being more forthcoming about the insurance company's long-term plans to pay back American taxpayer funds.
May 14, 2009 by Joseph McCafferty
U.S. lawmakers yesterday reprimanded AIG CEO Edward Liddy for not being more forthcoming about the insurance company's long-term plans to pay back American taxpayer funds.
AIG Trustees Want Board, Comp Changes
May 13, 2009
The trustees of the United States’ stake in American International Group are prepared to tell U.S. lawmakers today that they intend to make changes within the company’s top tier, including compensation system adjustments and changes to the company’s board.
May 13, 2009
The trustees of the United States’ stake in American International Group are prepared to tell U.S. lawmakers today that they intend to make changes within the company’s top tier, including compensation system adjustments and changes to the company’s board.
Liddy to Testify to Oversight Committee
May 12, 2009
AIG CEO Edward Liddy plans to testify to a U.S. House oversight committee Wednesday to discuss the future of the insurance company and defend it and its employees from recent criticism.
May 12, 2009
AIG CEO Edward Liddy plans to testify to a U.S. House oversight committee Wednesday to discuss the future of the insurance company and defend it and its employees from recent criticism.
GM Hires Spencer Stuart to Find Directors
May 11, 2009
General Motors has hired an executive-search firm to help find replacements for at least half of its 12 directors.
May 11, 2009
General Motors has hired an executive-search firm to help find replacements for at least half of its 12 directors.
AIG Trustees Asked to Testify to Congress
April 28, 2009
American International Group’s three trustees may testify before Congress about whether they’ve been adequately protecting the U.S. investment.
April 28, 2009
American International Group’s three trustees may testify before Congress about whether they’ve been adequately protecting the U.S. investment.
Geithner: ‘Whatever’s Necessary’
April 6, 2009
Timothy Geithner said that the U.S. government was prepared to make the changes of command necessary at banks that require “exceptional” financial support from the Treasury but denied a report that the Obama administration was sidestepping the executive pay issue.
April 6, 2009
Timothy Geithner said that the U.S. government was prepared to make the changes of command necessary at banks that require “exceptional” financial support from the Treasury but denied a report that the Obama administration was sidestepping the executive pay issue.
Greenberg to Defend his Tenure at AIG
April 2, 2009 by Joseph McCafferty
The man that held the reins at AIG for 38 years will speak before Congress today, and will likely defer the blame for the fallen insurance giant’s collapse.
April 2, 2009 by Joseph McCafferty
The man that held the reins at AIG for 38 years will speak before Congress today, and will likely defer the blame for the fallen insurance giant’s collapse.
Getting the House in Order
April 1, 2009 by Neil Baron
Boards must be careful not to undertake the responsibilities of management. Nevertheless, given the well-publicized mistakes made with respect to MBS, boards will want to subject management at financial-services companies to higher scrutiny and oversight regarding their involvement with these and other exotic securities. To do so, they first will need to determine whether there is sufficient expertise on the board; if not, they will need to acquire it.
April 1, 2009 by Neil Baron
Boards must be careful not to undertake the responsibilities of management. Nevertheless, given the well-publicized mistakes made with respect to MBS, boards will want to subject management at financial-services companies to higher scrutiny and oversight regarding their involvement with these and other exotic securities. To do so, they first will need to determine whether there is sufficient expertise on the board; if not, they will need to acquire it.
Shareholders Take Aim at AIG Board
April 1, 2009 by Joseph McCafferty
Activist investors hope to block the re-election of AIG director James F. Orr, chairman of the board compensation committee.
April 1, 2009 by Joseph McCafferty
Activist investors hope to block the re-election of AIG director James F. Orr, chairman of the board compensation committee.