Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

AIG hasn't returned bonuses as promised

Oct. 15, 2009
American International Group Inc. employees have returned less than half of the $45 million in bonuses they promised to repay in a goodwill gesture after the company received tens of billions of dollars in taxpayer aid, according to the Treasury Department's independent watchdog. A public outcry...
Related Stories from UPI.com
Liddy to leave AIG

Liddy to leave AIG

NEW YORK, May 21 (UPI) -- Edward Liddy, chosen last year by the Federal Reserve to run U.S. insurance giant AIG, announced his resignation Thursday.
Liddy says AIG on track for 5-year payback

Liddy says AIG on track for 5-year payback

WASHINGTON, May 14 (UPI) -- American International Group Inc. chief Edward Liddy said the beleaguered U.S. insurance giant could repay government bailout funds within 5 years.
AIG sells $1.2B Tokyo property

AIG sells $1.2B Tokyo property

NEW YORK, May 11 (UPI) -- U.S. insurance giant American International Group Inc. said it had agreed to sell one of the most coveted addresses in Tokyo for $1.2 billion.
AIG chief sees company fading away

AIG chief sees company fading away

NEW YORK, April 13 (UPI) -- American International Group Inc. Chief Executive Officer Edward Liddy said he imagined the one-time corporate giant would shrink beyond recognition.

Three AIG employees to return bonuses

WASHINGTON, March 20 (UPI) -- American International Group Inc. executive Jon Liebergall said he intended to return his bonus pay to the company in the wake of an uproar in Washington.

AIG giving millions in bonuses

WASHINGTON, March 14 (UPI) -- American International Group Inc., which has received $170 billion in U.S. aid, is handing out millions in bonuses, The Washington Post reported Saturday.

AIG curbs executive pay

NEW YORK, Nov. 25 (UPI) -- Federally supported U.S. insurance giant American International Group said it had taken steps to curb executive pay through 2009.
Federal loan prompts AIG sale

Federal loan prompts AIG sale

NEW YORK, Oct. 3 (UPI) -- Insurance giant American International Group said Friday much of the business was for sale in order to pay off a huge debt to the U.S. government.

AIG names new chairman

NEW YORK, Sept. 20 (UPI) -- American International Group Inc. named Robert B. Willumstad as chairman of the big insurance conglomerate.

Long-time AIG head steps down

NEW YORK, March 15 (UPI) -- The long-time head of American International Group Inc. has stepped down amid regulatory investigations, the Wall Street Journal said Tuesday.
1 of 23
Vietnam Veterans Memorial Commemorated in Washington
View Caption
A U.S. Air Force B-52 flies over the Vietnam Veterans Memorial during commemoration of 50th anniversary of the war on May 28, 2012 in Washington, DC. President Barack Obama is at the base of the wall left center. More than 58,000 names of the servicemen who were killed or missing in the war are engraved on The Wall. The B-52 bomber was used extensively during the Vietnam War. UPI/Pat Benic