Sunday, May 11, 2008

AIG posts US$7.8b Q1 loss; CEO's job at risk

(NEW YORK) American International Group (AIG) will seek to raise US$12.5 billion to shore up its finances after two straight record losses, adding to speculation that Martin Sullivan may be the next chief executive officer to lose his job amid the global credit crisis.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,278650,00.html?

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