AIG's Benmosche Said He Is "Commited"

In a memo to the employees at AIG (NYSE: AIG), CEO Robert Benmosche address the Wall Street Journal report that he is threatening to leave the job he took just three months ago.

Benmosche stated that he and the board at AIG are indeed frustrated with the U.S. Treasury about the ability to compensate the top employees of the company as he says, "fairly."

"Let me be clear: I and the Board remain totally committed to leading AIG through its challenges and to continuing to fight on your behalf," Benmosche emphasized in the memo. "I ask you not to be distracted by speculative media stories and to maintain your focus on the important work you are doing."

The memo is in response to the speculation that Benmosche said he was "done" in response to how the government, which owns an 80 percent stake in the company, and pay czar Kenneth Feinberg are mandating pay reductions to AIG's highest paid employees.

Benmosche did not address that he reportedly said he was "done" in the memo to the AIG employees.

Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php

You May Also Be Interested In

• QXO names Ken West as president and COO, effective September 2026
• Extra Space Storage names Noah Springer as next CEO
• California Cancels Monday Talks With Paramount - NYT