![[VIDEO] Wife douses husband with beer at Wrigley Field](http://cdn.ph.upi.com/sblc/i/8801369105285/13690727911538/3/VIDEO-Wife-douses-husband-with-beer-at-Wrigley-Field.jpg "[VIDEO] Wife douses husband with beer at Wrigley Field")
![[VIDEO] David Beckham cries during last game of his career](http://cdn.ph.upi.com/sblc/8801369105285/5/VIDEO-David-Beckham-cries-during-last-game-of-his-career.jpg "[VIDEO] David Beckham cries during last game of his career")
![[VIDEO] Amy Poehler back on 'SNL' for 'Weekend Update' segment targeting IRS](http://cdn.ph.upi.com/sblc/i/8801369105285/13690077384778/7/VIDEO-Amy-Poehler-back-on-SNL-for-Weekend-Update-segment-targeting-IRS.jpg "[VIDEO] Amy Poehler back on 'SNL' for 'Weekend Update' segment targeting IRS")
![[PHOTOS] 2013 Celebrity Couples](http://cdn.ph.upi.com/sblc/8801369105285/8/PHOTOS-2013-Celebrity-Couples.jpg "[PHOTOS] 2013 Celebrity Couples")
1.
Britain weighing gasoline price-fixing probe of BP, Shell, Statoil
NEW YORK, June 15 (UPI) -- The board of American International Group Inc. has replaced the troubled insurance company's top executive, The New York Times reported Sunday.
It was the second time in three years the board took such action, and it came in reaction to the company's falling stock price, as well as regulatory concerns relating to its accounting, the newspaper said.
Meeting in closed session, the board replaced Martin J. Sullivan, who was named chief executive in 2005 when the board removed his predecessor over an accounting scandal.
AIG's stock price has fallen 40 percent since December.
The board Sunday named Robert B. Willumstad, chairman of the board and a former top executive at Citigroup, to succeed Sullivan, AIG said in a prepared statement.
The board named Stephen F. Bollenbach as its lead director.
Maurice Greenberg, the head of AIG's largest shareholder group and a former company chief executive, said last month the company was in crisis. Greenberg -- who left AIG in 2005 during an investigation into the company's accounting practices -- made the comment in a letter filed with the U.S. Securities and Exchange Commission.
Five co-defendants were found guilty in February of doctoring the books to inflate AIG's the share value in 2000 and 2001.
|
|
|
|
|
|
| Additional Business News Stories | |
WASHINGTON, May 21 (UPI) --
A member of Congress who led an investigation into the BP oil spill in 2010 expressed outrage that a judge threw out a charge against a former BP executive.
|
MUSCAT, Oman, May 21 (UPI) --
The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption
