Insurance Law News
5/14/2008 6:21:29 PM EST
AIG Chairman says Board Stands by CEO Sullivan
NEW YORK – (Reuters) American International Group Inc. Chairman Robert Willumstad said May 14 the global insurance giant’s directors stand behind Chief Executive Officer Martin Sullivan, fending off concerns raised by investors frustrated by two quarters of record losses. Willumstad also denied that comments expressing concerns about management included in a Wall Street Journal story May 14 came from directors. Full version available here. Create an account or login to post comments.