Market Watch (Free subscription) | 11/25/2009
NEW YORK (MarketWatch) -- American International Group CEO Robert Benmosche has signed a non-compete pact in his contract in a key indicator he's committed to staying at the government-controlled insurer, The Wall Street Journal reported on Wednesday. Such agreements typically forbid an executive to take another job in the same industry for a period of time. AIG Chairman Harvey Golub...
DealBreaker (Free subscription) | 11/25/2009
AIG CEO Signs Non-Compete Deal (WSJ) After the little boardroom outburst a couple weeks ago, and the threat to quit, AIG CEO Robert Benmosche promised his flock he'd never leave them. Now that they have it signed and in writing (and they approved his pay), everyone believes him. Benmosche "is committed to leading this company as CEO until the job is done," AIG Chairman Harvey Golub...
Barel Karsan (Free subscription) | 11/24/2009
... huge drops in their reported profits, lobbied hard against the move. This quote is attributed to Harvey Golub, former Chairman and CEO of American Express: "…while stock options have value to the executives, …, they cost the corporation nothing. They are never a cost to the company and, therefore, should never be recorded as a cost on the income statement."...
Law Blog - WSJ.com (Free subscription) | 11/25/2009
Robert Benmosche, chief executive of Inc., signed a noncompete agreement in a sign he is committed to remaining at the government-controlled insurer.Mr. Benmosche "is committed to leading this company as CEO until the job is done," AIG Chairman Harvey Golub said in an interview following a board meeting on Tuesday. "The board is very satisfied that the commitment is real and heartfelt."...
The Street (Free subscription) | 11/25/2009
... year. Benmosche "is committed to leading this company as CEO until the job is done," AIG Chairman Harvey Golub said in an interview following a board meeting Tuesday, the Journal reports. "The board is very satisfied that the commitment is real and heartfelt." Under the pay agreement AIG announced Tuesday, Benmosche will receive the stock in bi-weekly awards that will vest immediately....
