A federal judge in New York has denied a request by American International Group (AIG) to have a securities fraud class action lawsuit against it dismissed.
American International Group is "stable," primarily as a result of a huge infusion of government financial aid, the Government Accountability Office said in a new report.
American International Group is "stable," primarily as a result of a huge infusion of government financial aid, the Government Accountability Office said in a new report.
Salaries of the 25 top executives at American International Group and other companies receiving government help must be cut on average by one-third from last year's levels, government pay czar Kenneth Feinberg said.
Based on its recent results, AIG shows continuing stabilization and should be able to pay back most of the billions it owes the government, according to Moody's Investors Service.
American International Group was highly critical of a special master's decision to slash payments for its top employees by 91 percent for the remainder of the year.
American International Group top management salaries have been ordered slashed 91 percent for the remainder of the year by the special master for the Troubled Asset Relief Program.
I am writing in regard to mischaracterizations contained in your recent article on Maurice R. ("Hank") Greenberg--"Greenberg Sends Mixed Signals on Regulatory Reform"--in your Oct. 8, 2009, edition, page 7.
In response to my news article about his recent speech blasting regulators for failing to head off the subprime mortgage debacle that crashed the economy (see ...