Companies controlled by the US government seem to have a lot of difficulty maintaining an amicable balance of power between their chairmen and their chief executives.
Harvey Golub’s abrupt resignation as chairman of American International Group after a stand-off between him and Bob Benmosche, AIG’s...
Posted to
Comment
on 07-15-2010
Filed under: Business, AIG, General Motors
Joe Cassano has been invisible for so long - since the 2008 crisis, the former head of AIG’s now-notorious financial products division has not given a media interview and is only rarely photographed - that it was a revelation to watch his appearance on Capitol Hill.
Mr Cassano’s mystique...
Posted to
Comment
on 06-30-2010
Filed under: Finance, AIG, Joe Cassano, goldman sachs
Prudential, which is Britain’s second largest insurer, has today confirmed it is to buy AIA, the Asian arm of US company American International Group (AIG), in a deal worth $35.5 billion (£23.3 billion).
In a stock market statement today, Pru said the deal provided it with the opportunity to create South...
Posted to
Finance
on 03-01-2010
Filed under: All Financial News, deal, Insurance News, Prudential, Company News, finance, rights issue, acquisition, AIG, presence, AIA, Asian arm
Prudential, which is Britain’s second largest insurer, is understood to be in ‘advanced talks’ to acquire AIA, the Asian arm of US company American International Group (AIG).
AIA is a key part of AIG with around 20 million customers and reports say the deal could cost about $30 billion (£19.6 billion...
Posted to
Finance
on 03-01-2010
Filed under: All Financial News, deal, Insurance News, Prudential, Company News, rights issue, AIG, approval, Asia, bailed out, advanced talks, AIA