robert benmosche

Nearly 70 top executives at three companies bailed out by the taxpayers during the 2008 financial crisis -- AIG, Ally Financial and GM -- were ordered to take pay 10% cuts by the federal government, and the CEOs had their pay frozen at 2011 levels.

AIA shares soared in Hong Kong today on its first day of trading.

After months of planning, AIG announced Thursday that it had entered into an agreement with the Treasury Department and the Federal Reserve Bank of New York about how it will repay in full its obligations to the U.S. government and regain its independence.

The chairman of AIG was not the only top executive to resign in recent weeks. In what appears to be a clash of the titans in corporate boardrooms, the heads of Paychex, H&R Block, and W.P. Carey have also recently joined the ranks of the unemployed.

AIG (AIG) CEO Robert Benmosche wants to make it clear that many of his senior staff have made tremendous financial sacrifices in the insurance firm's restructuring. This isn't simply due to salary cuts by the government's pay czar. Many top AIG executives have also lost all the money they had in...

Kenneth Feinberg, the federal government's so-called pay czar, Tuesday denied media speculation that he was considering backing away from his decisions to slash compensation for top Wall Street executives at companies that received bailout money. The Obama administration's special master for...

In an exclusive report in The Wall Street Journal, word emerged that AIG (AIG) CEO Robert Benmosche has said he may leave, largely because of what he sees as heavy-handed government regulation. He believes that the "pay czar" is hurting the insurance company's chances of bringing in new...

Just over a year after the federal government bailed out American International Group (AIG), a congressional study released today says it's "unclear" that the troubled insurer will be able to repay the money it received from the Fed and Treasury Department. Likely boosting those odds, Rep....

The American International Group (AIG) of today has no value to its long-term shareholders, according to Maurice R. "Hank" Greenberg, the insurer's former longtime chairman and chief executive. After all, the government owns nearly 80 percent of it. "Who's going to invest in a company that is 80...

According to documents obtained exclusively by Bloomberg, new AIG (AIG) CEO Robert Benmosche wants Wall Street firms taking divisions of the insurance company public to shave 50 percent off their normal fees. The news service writes that "The banks have hundreds of millions of dollars at stake in...