Entries tagged "American Intenational Group Inc."
It looks like some executives at American International Group Inc. will be compelled to follow the examples of other Wall Street executives -- including AIG's CEO Edward Liddy -- this year and forgo bonuses and even salaries. ...
Former American International Group Inc. CEO Maurice "Hank" Greenberg wants the board of directors to explain its sale process after it apparently sold off an asset at a "fire sale" price in an effort to repay a $152.5 billion loan from the U.S. government. ...
The banking sector was in a sea of red by midday Tuesday following the overall market downturn on more negative news. Investors are looking for a safe haven for their money, fearing a General Motors Corp. bankruptcy, continuation of weak earnings and the housing industry asking the government for a housing stimulus. American International Group Inc. continues to slide as investors swallow news the day after an announcement of a bigger bailout package that would total $150 billion. Meanwhile, credit card company American Express Co. is down on news that it reorganized its corporate structure, receiving approval from the...
