Management-Issues (Free subscription) | 09/23/2008
Amid the chaos on the financial markets, here's a real surprise. AIG's just-departed Chief Executive Robert Willumstad, who was replaced as part of the rescue of the insurance giant, has rejected a $22 million severance payment.
Philadelphia Inquirer (Free subscription) | 09/23/2008
Robert Willumstad didn't save American International Group Inc. in his three months as chief executive officer at the nation's largest insurer. The government did that.
The Guardian (Free subscription) | 09/22/2008
Robert Willumstad, only appointed chief executive in June, has voluntarily forfeited his severance package
The Earth Times Online Newspaper (Free subscription) | 09/22/2008
(Reuters) - American International Group Inc's former Chief Executive Robert Willumstad has rejected a $22 million severance payment, the Wall Street Journal reported, citing a person familiar with the decision.
Reuters (Free subscription) | 09/22/2008
(Reuters) - American International Group Inc's former Chief Executive Robert Willumstad has rejected a $22 million severance payment, the Wall Street Journal reported, citing a person familiar with the decision.
The Street (Free subscription) | 09/19/2008
He replaces Robert Willumstad who was forced out after the U.S. government bailed out the insurance giant.
New York Post (Free subscription) | 09/18/2008
American International Group head Robert Willumstad, named CEO in June amid record losses from the housing slump, may get a $7 million exit package after a Fed takeover forces him out. Willumstad is entitled to keep a $4 million cash bonus, 1...
Market Watch (Free subscription) | 09/17/2008
LONDON (MarketWatch) -- Published reports said American International Group CEO Robert Willumstad will be replaced by Edward Liddy, former CEO of Allstate. Willumstad's ouster came at the insistence of U.S. Treasury Secretary Henry Paulson as part of the government's takeover of the insurance giant, the Wall Street Journal reported. Willumstad had been named CEO of AIG in June. Market Pulse Stories...
Calculated Risk (Free subscription) | 09/15/2008
Wow. The wild ride continues ... From the WSJ: AIG Scrambles to Raise Cash, Talks to Fed AIG turned down a capital infusion from a group of private-equity firms because it would have effectively given them control of the company ... chairman and chief executive, Robert Willumstad, took the extraordinary step of reaching out to the Federal Reserve for help. The details of the AIG restructuring
MSNBC.com (Free subscription) | 09/13/2008
A steep drop in American International Group Inc's shares is ratcheting up pressure on CEO Robert Willumstad to publicly come out and reassure investors.
On Our Radar Today (Free subscription) | 08/14/2008
Analyst says AIG might try to raise up to $20 billion SmartBrief - 45 minutes ago Todd Bault , an analyst at Sanford Bernstein , said in a research note that if American International Group Chief Executive Officer Robert Willumstad decides to take care of the firm's troubled ...
Law Blog - WSJ.com (Free subscription) | 08/08/2008
Robert Willumstad needs to cauterize AIG's wounds and move on. For nearly a year, AIG has grudgingly acknowledged higher and higher losses on the insurance the firm wrote for complex mortgage-backed debt instruments. But it has failed to get ahead of the curve.
Houston Chronicle (Free subscription) | 06/17/2008
When Robert Willumstad said goodbye to Citigroup three years ago, he declared he was leaving to run a major company. Now he's making good on that promise at a floundering AIG.
Times Online (Free subscription) | 06/17/2008
Robert Willumstad, the new chief executive of American International Group (AIG), did his best to reassure his hapless investors yesterday that he would take dramatic action to end the insurer's woes by insisting that “nothing is off the table”.
Examiner (Free subscription) | 06/16/2008
When Robert Willumstad said goodbye to Citigroup Inc. three years ago, he boldly declared he was leaving to run a major company. Now, at 62, he's making good on that promise - at a floundering AIG during the most challenging climate of his four-decade career.
