NU Online News Service, June 25, 2:21 p.m. EDT
American International Group, Inc. announced today it has forged an agreement with the Federal Reserve Bank of New York to have $25 billion government debt reduced by giving taxpayers a stake in two AIG firms.
In tandem with these moves, AIG said it has appointed Alain Karaoglan as senior vice president-divestiture. As head of the Divestiture Office team, Karaoglan will bring to market AIG's divesting assets and manage the resulting transactions worldwide.
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