American International Group
Insurance Company
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Billionaire Bill Gates: Executive pay is 'often too high'...past 12 months. Gates also warned against the government owning financial institutions like AIG, calling it an "unnatural situation when the government owns a lot of a private company" because it devalues the entity. Todd Bishop is... In this article: Bill Gates, Microsoft, AIG, Wall Street, and New York City |
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Independent.ie | November 02, 2009
Barack Obama's White House guest list includes Clooney, Oprah and Soros
...Microsoft co-founder Bill Gates (whose foundation is pushing for changes in teacher pay), Exxon Mobil CEO Rex Tillerson, former AIG chairman Maurice Greenberg, JP Morgan's James Dimon, Chevron CEO David O'Reilly, Citigroup's Vikram...
In this article: White House, George Soros, Oprah Winfrey, George Clooney, Barack Obama, Bill Gates, Service Employees International Union, John Mack, David O'Reilly, and Kenneth Lewis
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Sydney Morning Herald - Business | November 11, 2009
Wall St pay too high: Bill Gates
...by US taxpayers. "I do worry that when the government owns an entity like AIG that you can greatly devalue that entity by having it essentially have to behave as though it part of the government," Mr Gates said. "It's an unnatural...
In this article: Bill Gates, Wall Street, US, Bank of America, Microsoft, Citigroup, and New York City
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Reuters | November 12, 2009
Billionaire Bill Gates says Wall Street pay too high
...Michelle Nichols Bill Gates said on Wednesday he believes Wall Street pay is "often too high" and that U.S. government ownership of American International Group Inc worries him because it has devalued the giant insurer. The billionaire...
In this article: Bill Gates, Wall Street, AIG, U.S., Bank of America Corp, Microsoft, and Citigroup Inc
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www.moneycontrol.com
Reuters - Wall St salary too high says billionaire Bill Gates
Reuters - Bill Gates on Wednesday said he believes Wall Street pay is often too high and that US government ownership of American International Group Inc worries him ...
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Bill Gates
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Billionaire Bill Gates says Wall St pay too high - Hedgehogs.net
NEW YORK (Reuters) - Bill Gates said on Wednesday he believes Wall Street pay is ... bill gates, giant insurer, american international group inc, u.s. government, ...
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Wall Street pay too high: Bill Gates - Hedgehogs.net
Bill Gates said overnight on Wednesday he believes Wall Street pay is "often ... Bill Gates Bill Gates, wall street, american international group, united states ...
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Bill Gates says Wall Street pay too high
Latest news, breaking news - Bill Gates says Wall Street pay too high ... Reuters Tags : Bill Gates, American International Group Inc, Wall Street pay ...
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Activision American International Group Inc Banking Bank of America Bank of New ... Explore : American International Group Inc, Bill Gates, Full Line Insurance, ...
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Description from Wikipedia:
American International Group, Inc. (AIG) (NYSE: AIG), is an American insurance corporation. Its corporate headquarters are located in the American International Building in New York City, but will relocate to San Antonio. The British headquarters office is on Fenchurch Street in London; continental Europe operations are based in La Défense, Paris, and its Asian headquarters office is in Hong Kong. According to the 2008 Forbes Global 2000 list, AIG was once the 18th-largest public company in the world. It was listed on the Dow Jones Industrial Average from April 8, 2004 to September 22, 2008.
AIG suffered from a liquidity crisis when its credit ratings were downgraded below "AA" levels in September 2008. The United States Federal Reserve Bank on September 16, 2008, created an $85 billion credit facility to enable the company to meet increased collateral obligations consequent to the credit rating downgrade, in exchange for the issuance of a stock warrant to the Federal Reserve Bank for 79.9% of the equity of AIG. The U.S. government revised the credit facility, and eventually increased the total amount available to as much as $182.5 billion.
AIG subsequently sold a number of its subsidiaries and other assets to pay down loans received, and continues to seek buyers of its assets. In March 2009, AIG faced public outrage and media and political backlash for its retention payments of $165 million. AIG employees faced hate mail and death threats, and multiple websites had sprung up attacking AIG.
- Name:
- American International Group, Inc.
- Type:
- Public (NYSE: AIG)
- Location:
- New York City, New York, U.S.
- Region:
- Worldwide
- Founder:
- Cornelius Vander Starr
- Founded:
- 1919 in Shanghai, China
- Stock Symbol:
- AIG
- Industry:
- Insurance, financial services
- Key People:
- Harvey Golub, Robert Benmosche, David L. Herzog
- Products:
- Insurance annuities, mutual funds
- Revenue:
- US$ 110.064 billion
- Operating Income:
- US$ −106.761 billion
- Net Income:
- US$ −99.289 billion
- Assets:
- US$ 860.418 billion
- Equity:
- US$ 52.710 billion
- No. of Employees:
- 116,000
- Market Cap:
- US$ 941.76 million
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