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It looks like the new AIG (AIG) CEO will get his $7 million bonus and $3.5 million incentive program. A number of shareholders and government officials have questioned why the head of a company that has received $180 billion in taxpayer money should do so well. Robert Benmosche has just joined what...

What was a rumor in the morning became a fact this afternoon. AIG (AIG) has appointed a new president and CEO, Robert H. Benmosche , who was until recently the head of Met Life (MET). Benmosche clearly has the credentials to run AIG as did the man who preceded him in the job, Ed Liddy, the former...

Now that regulators have completed their examination of financial institutions' balance sheets, the banks that received passing grades are working furiously to return the capital infusions they received from the Treasury Department's $700 billion bailout fund last fall. Nine financial...

Life insurers are expected to be the next recipients of bailout funds from the Treasury Department's remaining $130 billion in TARP funds, according to a story in today's Wall Street Journal. In order to get the money, the life insurers must own a federally insured bank or savings and loan. Life...

The Wall Street Journal just noticed that the life insurance industry is in trouble. But that cow escaped the barn last fall (as I posted in October 2008 here, here, here and here) -- taking down Met Life (MET), Hartford Financial Services (HIG), and Prudential Financial (PRU). But even though the...