The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default swaps. The lawsuit, filed on Wednesday in New York State Supreme Court in …
American International Group, the world’s largest insurer, cut Chief Executive Martin Sullivan’s 2007 pay by about 48 percent from 2006, to $13.93 million, according to a regulatory filing late Friday. Sullivan, who is entering his third year as AIG chief, …
American International Group Inc., the world’s largest insurer, has filed a complaint in New York Supreme Court against former Chief Executive Maurice “Hank” Greenberg and six other former directors and officers, accusing them of breaching their fiduciary duty. The legal …
Spitzer Sorry “I can’t allow my private failings to disrupt the work. … The remorse I feel will always be with me.” —Former New York Gov. Eliot Spitzer, apologizing as he announced his resignation amid reports linking him to a …
New York Governor Eliot Spitzer said he would resign his position amid reports linking him to a prostitution ring as a client. The resignation is to be effective Monday, March 17. Spitzer will be succeeded as governor by Lieutenant Governor …
New York Gov. Eliot Spitzer, embroiled in a sex scandal that could force his resignation, made his reputation by prosecuting some of the most powerful players on Wall Street in the wake of the dot-com bubble collapse. The New York …
For years, he was the scourge of the Masters of the Universe and the Sheriff of Wall Street. Now he’s a joke. Legions of Wall Street’s bankers, traders and investors relished the dark clouds enveloping New York Gov. Eliot Spitzer, …
A federal court jury in Hartford, Connecticut, has found four former General Re Corp. executives and one former American International Group executive guilty of corporate fraud and conspiracy charges stemming from allegations that the five helped cook AIG’s books in …
American International Group , the world’s largest insurer, is expected to report a quarterly loss Thursday, with crippled mortgage investments taking a $5 billion bite out of its derivatives portfolio. Analysts’ average forecast is a loss of 18 cents a …
A federal court jury in Hartford, Connecticut has found four former General Re Corp. executives and one former American International Group executive guilty of corporate fraud and conspiracy charges stemming from allegations that the five helped cook AIG’s books in …
