Hoping to avoid a backlash over bonuses, American International Group is asking the federal government to weigh in on the insurer's plan to resume paying retention bonuses.
Published reports say AIG has asked compensation czar Kenneth Feinberg to approve the payments.
» E-Mail This » Add to Del.icio.us
AIG's Liddy to step down when new executives found (AP)
AP - American International Group Inc. on Thursday said the chairman and chief executive hand-picked to lead the company when it was rescued by the government last fall will step down.
AIG's Liddy to step down
AIG Chief Executive Edward Liddy announced Thursday that he plans to step down from the company once the insurer's board of directors finds a replacement.
AIG loss narrows by 44%
Embattled insurer AIG reported its sixth-consecutive quarterly loss on Thursday, but the $4.4 billion loss narrowed sharply from the previous quarter's record-setting loss.
Toyota Squandered Its Reputation For Quality
The Japanese automaker has stumbled badly in managing its current recall crisis. It's been accused of withholding information, changing its story and being less than aggressive in dealing...
Weatherman's Forecasts Get Your Attention
Jim Kosek is an AccuWeather.com weatherman. He shouts in the style of the late comedian Sam Kinison. In a recent forecast captured on YouTube he shouts:"Our paralyzing, crippling,...
Post new comment