AIG Says CEO Benmosche Has Cancer

by | Oct 26, 2010 | Towing

AIG (AIG) said that CEO Robert Benmosche has cancer and is undergoing aggressive chemotherapy.

“The good news is that I feel fine, and I continue to work according to my normal schedule,” Benmosche said in a statement. “I remain absolutely committed to my job, to AIG, and to all of our stakeholders.”

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Benmosche said that he would have “a better idea” of his long-term prognosis over…

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AIG Says CEO Benmosche Has Cancer originally appeared on DailyFinance on Tue, 26 Oct 2010 06:26:00.

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AIG Raises $17.8 Billion with Hong Kong IPO

by | Oct 22, 2010 | Towing

AIG (AIG) raised HK$138.3 billion ($17.8 billion) from the IPO of its main Asian unit, AIA, putting the troubled insurer on track to repay its U.S. government bailout.

AIG placed 7.03 billion shares at HK$19.68 a share, Bloomberg News said. The shares sold represent a 58% stake in the unit, AIA.

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AIG’s CEO Robert Benmosche has said that selling the shares will help put the company…

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AIG Raises $17.8 Billion with Hong Kong IPO originally appeared on DailyFinance on Fri, 22 Oct 2010 06:39:00.

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Citigroup Sued for Gender Discrimination

by | Oct 14, 2010 | Towing

Female employees of Citigroup are paid less, get fewer promotions, but fired first, according to a gender discrimination lawsuit brought by six women against the bank yesterday. The bank responded, saying that the women’s alleg…