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- AIG's Sullivan: New Poster Boy for Excessive Pay
- Meet the new poster boy for excessive CEO pay. He is ousted American International Group CEO Martin Sullivan. Sullivan was kicked out of office this week after shareholders and investors complained that the insurance and financial giant posted two quarters of gigantic losses. According to figures from...
- Blog posts 2008-06-19
- AIG's Sullivan: New Poster Boy for Excessive Pay
- AIG's Sullivan: New Poster Boy for Excessive PayUnfortunate mischaracterizationsSullivan's actual "severance" is some fraction of the reported numbers. Per this news story (http://news.yahoo.com/s/afp/20080617/ts_alt_afp/uscompanyinsuranceaigfinanceexecutive_080617220255):"According to the Corporate Library, the package for Sullivan would include 26.6 million dollars in cash bonuses, 21.9 million in stock awards and 14 million dollars in a...
- Discussion threads 2008-06-19
- U.S. Says AIG Should Lower Retention Payments
- By Glenn SomervilleWASHINGTON (Reuters) - The U.S. Treasury Department is pushing American International Group AIG to cut big pay incentives it claims were needed to keep staff, but which have stoked a controversy over pay at taxpayer-supported firms.Treasury's "pay czar" has informed AIG management that some portion of the "total...
- News items 2009-10-13
- Joe Cassano Behind AIG Mess?
- Former AIG executive Joseph Cassano has been keeping a low profile but, as Elizabeth Palmer reports, Cassano may be responsible for the multi-billion dollar financial crisis at this insurance giant.
- Videos 2009-03-19
- The True Costs Of Recovery
- Based upon reports and studies from past recessions and major previous fiscal crises, financial experts have offered a bleak economic forecast for the next several years. Anthony Mason reports.
- Videos 2009-03-19
- AIG Outrage Played Out
- Michael Santoli, associate editor at Barron's magazine, offers some perspecive to Maggie Rodriguez in light of the AIG controversy.
- Videos 2009-03-19
- Obama Angered By 'Excess'
- President Obama said that he's not only angered by the AIG bonuses, but by Wall Street's culture of excess. But, as Chip Reid reports, Obama took responsibility, saying "the buck stops with me."
- Videos 2009-03-18
- AIG CEO Calls Bonuses 'Distasteful'
- "CBS News RAW:" Edward Liddy, the chairman and chief executive officer of AIG, explains why millions in bonuses have been given to the financial unit that caused the company's problems.
- Videos 2009-03-18
- Fury Over AIG Bonuses
- Seventy-three AIG executives were given bonus checks worth $1 million or more. The company has received nearly $200 billion in tax dollars to stay afloat. Nancy Cordes reports.
- Videos 2009-03-17
- Treasury's AIG Tap Dance
- The Treasury Department wants to get AIG to return executive bonuses paid with taxpayer bailout money, reports Bill Plante. Sen. Richard Shelby from the banking committee speaks to Maggie Rodriguez.
- Videos 2009-03-17
- AIG Executive Bonuses Outrage
- There is growing anger over AIG's payment of bonuses to executives, after receiving a taxpayer bailout. As Chip Reid reports, a new CBS News poll shows only 37% of Americans approve of such bailouts.
- Videos 2009-03-16
- AIG Pays Millions In Bonuses
- Insurance giant AIG - propped up with $170 billion in taxpayer dollars - is paying more than $100 million in bonuses to retain key employees. Randall Pinkston reports.
- Videos 2009-03-15
- Was AIG's Fall Criminal?
- New information has surfaced in the federal investigation of the collapse of insurance giant AIG. As Armen Keteyian reports, investigators wonder if AIG's downfall was due to criminal acts.
- Videos 2009-04-27
- Will AIG Ever Pay Us Back?
- Ed Liddy, the man who took over the reins of AIG, the failed insurance giant to which the government has made $180 billion available in aid, speaks to Steve Kroft about the gargantuan task ahead.
- Videos 2009-05-17
- The Real Price of Life in Bailout Nation
- Author and popular blogger Barry Ritholtz blasts Uncle Sam's massive economic intervention and warns that the cure for recession could be worse than the disease. What is the most common misconception about the crisis? That this was a perfect storm of...
- Articles 2009-05-29
- AIG "Professional Losers"
- In response to AIG's brazen use of taxpayer money, a bill was passed imposing a 90% tax on executive bonuses above $250,000 for firms getting a $5 billion or more bailout.
- Videos 2009-03-19
- Is Obama Doing Too Much?
- Slate.com's John Dickerson tells Chris Wragge the President may need to refocus his public image to counter critics who suggest Obama is doing too much.
- Videos 2009-03-20
- AIG Unit ILFC to Repay $2 Billion Loan Thursday: Report
- (Reuters) - American International Group Inc's AIG jet-leasing unit International Lease Finance Corp ILFC is going to pay back $2 billion in short-term debt which is due Thursday, the Wall Street Journal said, citing company officials."ILFC expects to meet its debt payment (Thursday Oct 15) through funds provided by AIG,"...
- News items 2009-10-15
- AIG Posts Another Quarterly Profit
- NEW YORK (Reuters UK) - American International Group Inc AIG, the insurer bailed out by the U.S. government, posted its second-straight quarterly profit on Friday, helped by recovery in the value of its investments.Net profit was $455 million (274 million pounds), or 68 cents a share, compared with a loss...
- News items 2009-11-06
- Wallstrip: Where's My Bailout?
- Brooke and Sally want some of the bailout love.
- Videos 2008-11-20
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