American International News (NYSE:AIG)

DateTimeSource
Headline
03/28/20174:16PMBWAIG Names Donna DeMaio Executive Vice President and Chief Auditor
American International Group, Inc. (NYSE:AIG) announced today that Donna DeMaio will rejoin AIG as Executive Vice President and Chief Auditor on April 17. Ms. DeMaio will report directly to the Audit Committee of the AIG Board of Directors, and administratively to Peter D. Hancock, President and Chief Executive Officer... More...>>
03/17/20177:45PMDJNAIG CEO to Receive $5 Million for Transition Service
By Maria Armental American International Group Inc. Chief Executive Peter Hancock, who agreed to resign this month under pressure from billionaire investor Carl Icahn, will be paid $5 million on top of his regular pay to stay on until a successor is appointed, part of an exit package for being let go "without cause."... More...>>
03/15/20173:02AMDJNIcahn Was Key to AIG Shake-Up -- WSJ
Some directors feared a potential fight with billionaire if CEO Hancock stayed By Joann S. Lublin and Leslie Scism The person at the center of last week's surprise change atop insurance giant American International Group Inc. wasn't Peter Hancock. It was activist investor Carl Icahn. The 58-year-old Mr. Hancock... More...>>
03/14/20175:59AMDJNThe Most Important Player in the AIG CEO Resignation: Carl Icahn
By Joann S. Lublin and Leslie Scism The key person at the center of last week's surprise change atop insurance giant American International Group Inc. wasn't Peter Hancock. It was activist investor Carl Icahn. The 58-year-old Mr. Hancock agreed to resign as chief executive after several directors met with him... More...>>
03/14/20173:02AMDJNHSBC's New Boss Is Tough, Direct -- WSJ
Hard-charging Mark Tucker stands to shake up the British lender as its chairman By Julie Steinberg in Hong Kong and Margot Patrick in London Mark Tucker, the first outsider tapped as chairman of HSBC Holdings PLC, is a savvy businessman with intimate knowledge of the U.K. and Asian markets where the bank principally operates... More...>>
03/13/20174:20PMBWAIG Announces Adjustments to Warrant Exercise Price and Shares Receivable upon Warrant Exercise
American International Group, Inc. (NYSE: AIG) today announced that in accordance with the terms of the outstanding warrants (CUSIP number 026874156) (the “Warrants”) to purchase shares of AIG Common Stock, par value $2.50 per share, the Warrant exercise price will be reduced to $44.2948 per share from $44.4305 per... More...>>
03/13/20172:25PMDJNDemanding and Direct: HSBC's New Chairman Mark Tucker -- Update
By Julie Steinberg in Hong Kong and Margot Patrick in London Mark Tucker, the first outsider tapped as chairman of HSBC Holdings PLC, is a savvy businessman with intimate knowledge of the U.K. and Asian markets where the bank principally operates. But people who know the hard-driving Mr. Tucker say one of his biggest effects... More...>>
03/13/201712:08PMDJNCorrection to Mark Tucker HSBC Story at 1439GMT on Monday
Mark Tucker led AIA Group Ltd. as it became the second-largest life insurance company in the world by market capitalization. An earlier version of this article omitted the word "life," incorrectly stating that it had become the world's second-largest insurance company by market capitalization. (END) Dow... More...>>
03/13/201710:54AMDJNDemanding and Direct: HSBC's New Chairman Mark Tucker
By Julie Steinberg in Hong Kong and Margot Patrick in London Mark Tucker, the first outsider tapped as chairman of HSBC Holdings PLC, is a savvy businessman with intimate knowledge of the U.K. and Asian markets where the bank principally operates. But people who know the hard-driving Mr. Tucker say one of his biggest effects... More...>>
03/13/20173:02AMDJNAIG and Berkshire: Analyst Sees Perfect Fit -- WSJ
By Nicole Friedman and Leslie Scism Warren Buffett is the key to fixing America's seemingly unfixable insurance giant. So say Keefe, Bruyette & Woods analysts, who argued in a note that Mr. Buffett's Berkshire Hathaway Inc. should buy American International Group Inc. While the two massive companies do compete... More...>>
03/13/20173:02AMDJNOutsider to Be New Chairman at HSBC -- WSJ
By Margot Patrick in London and Julie Steinberg in Hong Kong HSBC Holdings PLC named AIA Group Ltd. Chief Executive Mark Tucker as its next chairman, the first time the bank has hired an outsider for the role in its 152-year history. Mr. Tucker will become chairman on Oct. 1, a month after coming aboard as a board member... More...>>
03/12/20179:42PMDJNHSBC: AIA CEO Mark Tucker Will Be Next Chairman -- 3rd Update
By Margot Patrick in London and Julie Steinberg in Hong Kong HSBC Holdings PLC named AIA Group Ltd. Chief Executive Mark Tucker as its next chairman, the first time the bank has hired an outsider for the role in its 152-year history. Mr. Tucker will become chairman on Oct. 1, a month after coming aboard as a board member... More...>>
03/12/20179:15PMDJNHSBC: AIA CEO Mark Tucker Will Be Next Chairman -- 2nd Update
By Margot Patrick LONDON-- HSBC Holdings PLC appointed AIA Group Ltd. Chief Executive Mark Tucker as its next chairman, the first time the bank has hired an outsider for the role in its 152-year history. Mr. Tucker become chairman on Oct. 1, HSBC said in a statement. He will succeed outgoing HSBC veteran Douglas Flint... More...>>
03/12/20176:31PMDJNCorrection to HSBC to Name Chairman Story
"HSBC To Name AIA CEO Mark Tucker as Chairman -- Sources," at 2:46 p.m. EDT and "HSBC To Name AIA CEO Mark Tucker as Chairman, Sources Say -- Update" at 2:55 p.m. EDT, incorrectly stated the age of the company in the first paragraph. HSBC Holdings PLC is set to name AIA Group Ltd. Chief Executive Mark... More...>>
03/12/20173:25PMDJNHSBC To Name AIA CEO Mark Tucker as Chairman, Sources Say -- Update
By Margot Patrick LONDON -- HSBC Holdings PLC is set to name AIA Group Ltd. Chief Executive Mark Tucker as its next chairman, the first time the bank has hired from outside for the role in its 151 year history. Mr. Tucker will join the bank in the fall, people familiar with the matter said Sunday, replacing outgoing HSBC... More...>>
03/12/20173:16PMDJNHSBC To Name AIA CEO Mark Tucker as Chairman -- Sources
By Margot Patrick LONDON -- HSBC Holdings PLC is set to name AIA Group Ltd. Chief Executive Mark Tucker as its next chairman, the first time the bank has hired from outside for the role in its 151 year history. Mr. Tucker will join the bank in the fall, people familiar with the matter said Sunday, replacing outgoing HSBC... More...>>
03/10/20173:02AMDJNAIG Chief Quits Mid-Meeting -- WSJ
By Leslie Scism and Joann S. Lublin American International Group Inc. Chief Executive Peter Hancock, apparently having lost the faith of the insurer's directors, quit at a board meeting Wednesday where his future was being discussed, according to people familiar with the matter. The unexpected departure of Mr. Hancock... More...>>
03/09/20177:23PMDJNAIG CEO to Resign After Turnaround Plan Falters -- 8th Update
By Leslie Scism and Joann S. Lublin American International Group Inc. Chief Executive Peter Hancock, apparently having lost the faith of the insurer's directors, quit at a board meeting Wednesday where his future was being discussed, according to people familiar with the matter. The unexpected departure of Mr. Hancock... More...>>
03/09/20174:00PMDJNAIG CEO to Resign After Turnaround Plan Falters -- 7th Update
By Leslie Scism and Joann S. Lublin American International Group Inc. said Chief Executive Peter Hancock will resign, a move that follows the giant insurance conglomerate's recent failure to meet a series of financial targets. Mr. Hancock tendered his resignation during a board meeting at the company's headquarters... More...>>
03/09/201711:45AMDJNAIG CEO to Resign After Turnaround Plan Falters -- 6th Update
By Leslie Scism American International Group Inc. said Chief Executive Peter Hancock will resign after two years at the helm of the giant insurance conglomerate, following a major setback in its turnaround plan. The board, which met at the company's headquarters Wednesday, was expected to debate whether to replace... More...>>
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