Indian Express
Sign In | Register Now
Newsletter | ePaper
Indian Express >  Business > 

AIG’s ex-CEO refuses $22 mn severance payout

Font Size
Associated Press Posted: Sep 23, 2008 at 0129 hrs IST
Print Email Feedback Discuss
Related Stories: Rising in the EastWindows 7 test version launches todayNew index to track bailed-out companiesCompany to keepDownturn drives German tycoon to suicideDaiichi posts $3.9-bn valuation loss on Ranbaxy takeover
New York: : American International Group former chief executive Robert Willumstad has rejected a $22 million severance payment, the Wall Street Journal reported, citing a person familiar with the decision. Willumstad e-mailed his successor, Edward Liddy, of his decision to forego the severance since he was not able to execute the restructuring plan he had developed, the paper said. The newspaper also reported major shareholders concerned about the Government takeover were planning to meet on Monday to discuss alternatives to the federal bailout, citing a person familiar with the matter.

Ads By Google
Post Comments
Message*
Maximum characters allowed     
 
Name* Email ID*
Subject* Country*
TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.
View all Messages [ 0 ]
Be the first to comment.
View all Messages [ 0 ]
Group Websites : Express India | Financial Express | Screen India | Loksatta | Kashmir Live | Biz Publications
Privacy Policy | Feedback | Site MapThe Indian Express Group | Work With Us | Adverise With Us | Contact Us© 2009 Indian Express Newspapers (Mumbai) Ltd. All rights reserved
*Recipient(s) name *
*Recipient(s) e-mail address *
(Separate addresses by commas)
*Your Name *
*Your e-mail address *
Select your Country
Comments(optional)
The name(s) and e-mail address(es) you provide will
not be used for any purpose other than to inform the
recipient(s) of your identity. (*mandatory field)
 
Close