The company said that approximately $500 million in earned but deferred pay would be distributed in the first quarter of 2009, which is pay that individuals earned but volunteered to defer receiving u
The giant conglomerate put out a statement today denying any heavy spending in the wake of televised stories about a financial planners' seminar at the Pointe Hilton Squaw Peak Resort in Phoenix last
AIG last week agreed to freeze distributions from a $600 million employee compensation and bonus pool, as well as severance and other payments promised to its former chief executive officer and the
New York Attorney General Andrew Cuomo announced yesterday that American International Group has agreed to freeze a $600 million employee compensation and bonus pool, as well as payments to former chi
Ever since Uncle Sam tossed American International Group a life preserver after the company nearly drowned our economy in reckless credit default swaps, Congress and ...
WASHINGTON--American International Group announced yesterday it is halting its multimillion-dollar lobbying activities while it works to restore profitability and pay off the $85 billion government loa
WASHINGTON--The second highest ranking member of the House Financial Services Committee issued a letter today assailing American International Group for holding lavish meetings while needing a federal
WASHINGTON--A House oversight committee has asked American International Group to provide it with extensive materials related to the activities of the company's troubled Financial Products group over t
Maurice Greenberg, the former chairman and chief executive officer of American International Group, has written his old company urging management to renegotiate their $85 billion government loan,