Topic: American International Group Inc.
Greenberg sells AIG stock to UBS for $278 million
Reuters US Online Report Business News
NEW YORK (Reuters) - The former chief executive of American International Group Inc, Maurice "Hank" Greenberg, reached a deal to sell most of the shares he holds in the insurer to a unit of Swiss bank UBS. Greenberg's investment vehicle, Starr International Co, entered into a so-called variable prepaid forward-sale ...
AIG closes Transatlantic Holdings public offering
AP News
AIG closes $452 million public offering of Transatlantic HoldingsInsurer American International Group Inc. said Monday it closed a secondary public offering of Transatlantic Holdings Inc. for about $452 million. The nearly 8.5 million shares of common stock were owned by American Home Assurance Co., a subsidiary of AIG. As ...
Pay czar limits exec pay at still-struggling GMAC
AP News
Pay czar restrains top salaries at GMAC as auto finance giant loses money, relies on bailoutThe Obama administration's pay czar is limiting 2010 compensation for top executives at GMAC Inc. because the auto finance giant continues to lose money and can't yet repay its $16.3 billion taxpayer ...
Ex-AIG employees might sue over lower payouts
Reuters US Online Report Business News
NEW YORK (Reuters) - Several former American International Group Inc <AIG.N> employees might sue the insurer after it gave them less retention bonus money than they should have received, their lawyers said on Monday. AIG is holding back $21 million from retention bonuses for current and former employees ...
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