|
Business Daily from THE HINDU group of publications Wednesday, November 11, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Update at 1705 hrs (IST)
Global News / Markets AIG CEO Benmosche mulls stepping down NEW YORK: Troubled insurer American International Group’s Chief Executive Officer Mr Robert Benmosche is considering stepping down from his post just three months after he took the job. According to a report in The Wall Street Journal citing people familiar with the matter, Mr Benmosche has told the board that he is thinking about leaving the post of AIG CEO. At a board meeting last week, he told fellow AIG directors that he was “done’’ but agreed to think it over after other board members reacted with shock, the report stated. “The executive is chafing under constraints imposed by AIG’s government overseers, particularly a recent compensation review by the Obama administration’s pay czar, Mr Kenneth Feinberg,’’ WSJ said citing people close to the development. — PTI
Prev: Adobe to cut 680 full-time jobs worldwide Business Line | NUS Index | |
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright copy; 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line
|