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Sullivan's severance package payments were withheld by AIG after the then Attorney General of New York, Andrew Cuomo, raised issues. [7] According to USA Today, "AIG CEO Martin Sullivan received $25.4 million in non severance related compensation between 2005 and 2007, including $322,000 for private use of corporate aircraft, $153,000 for car and parking, $160,000 for home security and $41,000 ...
Willumstad served as the chairman of the board of directors of AIG from 2006 until 2008, after Maurice R. Greenberg was forced to resign. Willumstad became CEO on June 15, 2008, after Martin J. Sullivan was ousted. [4] One of Willumstad's initiatives was to repair the rift with Greenberg. [6]
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American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [6] As of 2023, AIG employed 25,200 people. [2] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary.
Martin Sullivan may refer to: . Marty Sullivan (1862–1894), Major League Baseball outfielder; Martin Sullivan (priest) (1910–1980), Anglican Dean of St Paul's Martin E. Sullivan (1944–2014), National Portrait Gallery director and former chairman of the U.S. President's Advisory Committee on Cultural Property
When asked in October why the company still retained Cassano at his $1 million-a-month rate despite his role in the probable downfall of Western civilization, CEO Martin Sullivan told Congress with a straight face that AIG wanted to "retain the 20-year knowledge that Mr. Cassano had."
AIG Financial Products Corporation (AIGFP) is a subsidiary of the American International Group, headquartered in New York, New York, with major operations in London. The collapse of AIG Financial Products, headquartered in Wilton, Connecticut , is considered to have played a pivotal role in the global financial crisis of 2008–2009 .
[2] AIG was a central player in the financial crisis of 2008. It was bailed out by the federal government for $180 billion, and the government took control." [24]) In June of 2008, AIG fired Chief Executive Officer Martin Sullivan, replaced him with Robert Willumstad as CEO and appointed Bollenbach as "lead independent director."