Ad
related to: vp aig salary loan
Search results
Results From The WOW.Com Content Network
The lobby of AIG's headquarters in the American International Building.. The AIG bonus payments controversy began in March 2009, when it was publicly disclosed that the American International Group (AIG) insurance corporation was going to pay approximately $218 million (~$301 million in 2023) [1] in bonus payments to employees of its financial services division.
This was seen as a reference to the $165 million in bonuses paid out in March 2009 to employees of AIG's "financial products" division, which sold the credit derivatives that put AIG deeply in debt after the Lehman Brothers collapse and compelled the Federal Reserve to bail out AIG with an $85 billion loan six months earlier, that eventually ...
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 ...
The market value of the 79.9% of AIG common stock the government acquired on the day the government agreed to loan AIG up to $85 billion was $55.4 billion. By the end of 2012, AIG had repaid all of its loans and the government had made a $17.7 billion profit on the AIG equity it had acquired as a result, plus $6.7 billion in interests and fees ...
AIG said the public listing of the AIA Group is a significant step in its goal to repay billions of dollars in U.S. government loans. AIG said all the right things in the statement.
Peter Zaffino (born 1967) [1] is an American insurance industry executive. [2] [3] He is the chairman and CEO of the American International Group (AIG).[4] [5]Zaffino joined AIG in August 2017 as executive vice president and global chief operating officer. [6]
With AIG since 2000, Mr. Johnson has held high-level underwriting, sales, and managerial roles, including President of Cat Excess Liability, a division of Lexington Insurance Company; and Regional ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!