NU Online News Service, Dec. 23, 10:25 a.m.EST
|American International Group Inc. (AIG) Chief Executive OfficerRobert Benmosche has told the company he wants to keep leading itbeyond next year.
|At the start of 2011 Benmosche, who has cancer, said he receiveda favorable prognosis from doctors and would remain in hisposition with the company until his scheduled retirement sometimein 2012.
|Benmosche told The Wall Street Journal he has spoken to the board and told themthat he would like to stay on beyond 2012.
|“I want to stay active and energized, and having too much timeon my hands is not healthy, I think,” he said in an interview withthe Journal.
|“Mr. Benmosche has said that, health-willing, he wants tocontinue to work toward the taxpayers recouping their investment inAIG and being the most valuable insurance company in the world,”AIG spokesman Mark Herr said in a statement.
|While announcing second-quarter net income of 1.8 billion,Benmosche said AIG—the recipient of a $182 billion bailout from thegovernment to prevent the company's collapse in 2008—had “turnedthe corner and our crisis is over.”
|Benmosche, president and CEO of AIG—the beneficiary of a $182billion bailout from the government in order to avoid collapse in2008—told CNBC that AIG has “turned the corner and our crisis is over.”
|The company's momentum was to provide a catalyst for the U.S.Treasury to begin selling its 77 percent stake in the insurer, butAIG shares have fallen sharply and the government needs the priceto improve in order to return a profit for taxpayers.
|AIG reported a third-quarter loss of $4.1 billion, driven by declines in equity markets,widening credit spreads and lower interest rates but the CEOassured analysts that AIG was in “very good shape.”
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