Recently ousted AIG CEO Robert Willumstad has reportedly turned down his $22 million severance package, saying that in his three months at the helm he had not completed a turnaround plan. Meanwhile, AIG shareholders opposed to the U.S. takeover of the insurance giant—including Hank Greenberg, whose stake of the company he helped build has lost $5 billion this month—are meeting today to discuss their options. (Bloomberg)
The bottom line
September 22, 2008
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