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Topic: Robert Willumstad

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Business News // 1 decade ago

CEO gives up $22 million paycheck

Robert Willumstad, former chief executive officer of the largest U.S. insurance company, left a $22 million paycheck sitting on the table, sources said.

Business News // 1 decade ago

A.I.G. fires CEO Martin Sullivan

Insurance giant American International Group said it had fired Chief Executive Officer Martin Sullivan after a closed-door board meeting.

Business News // 1 decade ago

Citigroup pressured to name CEO

Vikram Pandit and Robert Willumstad reportedly are in the running to become the new chief executive of embattled Citigroup Inc.

Business News // 2 decades ago

Citibank enters Beijing consumer market

Citibank Thursday launched a consumer banking business in Beijing that will also offer foreign currency accounts, an official of the U.S. bank said.

Business News // 2 decades ago

Wall Street booms despite terror fears

Terrorists attacks on commuter trains in Madrid, and heightened terror alerts in France, not to mention continued violence in Iraq, are keeping tensions high ar

Quotes

I prefer not to receive severance payments while shareholders and employees have lost considerable value in their AIG shares
CEO gives up $22 million paycheck Sep 23, 2008

Robert B. Willumstad is a former Chairman and CEO of the American International Group (AIG).

He was born in Brooklyn and grew up on Long Island. His alma mater is Adelphi University. He and his wife Carol reside in New York City, and have two adult daughters and two grandchildren.

Under Sanford I. Weill, Willumstad helped to steer the 1998 merger of Travelers Group and Citicorp. From 2000 to 2003, he was the Chairman and CEO of Citigroup's Global Consumer Group. He was named President of Citigroup in 2002, and assumed the post of Chief Operating Officer in 2003, while continuing to serve as CEO and President of Citibank North America. Some suggested that he had been passed over for CEO in favour of Charles Prince, despite being in charge of Citi's largest business.

FULL ARTICLE AT WIKIPEDIA.ORG

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It uses material from the Wikipedia article "Robert Willumstad."