According to Reuters news - and April 4, the largest U.S. insurer American International Group (AIG) on Friday to the U.S. Securities and Exchange Commission (Securities and Exchange Commission, referred SEC) to submit a regulatory document, Group Chief CEO Martin Sullivan (Martin Sullivan) 2007, the total pay for 13.93 million U.S. dollars over 2006 fell about 48 percent.
2008, Martin Sullivan has entered the AIG Group CEO of the third year, his total pay in 2006 to 26.7 million U.S. dollars. The total remuneration including Martin Sullivan of the wages, bonuses, additional awards, non-equity incentive payments and stock options, and other income.
Last month, AIG Group reported that earnings, 2007 full year group profit 6.2 billion U.S. dollars, far less than the total 2006 profit 14.05 billion U.S. dollars. At the same time, AIG Group in 2007 in the credit default swaps on the composition of the accident loss of 11.5 billion U.S. dollars, the impact of this write-down reflects the deterioration of market transactions, AIG may have to release more of the market valuation losses. Results also showed that 2007 fourth-quarter loss due to the credit AIG Group of nearly 5.3 billion U.S. dollars in losses. AIG Group first announced in the credit default swaps on the composition of the huge asset write-down later, AIG Group shares suffered huge decline. Friday the stock market closed, AIG shares fell to 47.30 U.S. dollars per share, compared to the beginning of the year decreases of 16%.
2005, AIG, former CEO Greenberg Group (Maurice "Hank" Greenberg) after being found to have a number of irregularities was forced to resign, and shortly thereafter in, AIG board of directors announced the appointment of Martin Sullivan as the new president and group Chief Executive Officer. However, Greenberg still holding 12% of the Group of AIG stock, as AIG's largest shareholder.
2008, Martin Sullivan has entered the AIG Group CEO of the third year, his total pay in 2006 to 26.7 million U.S. dollars. The total remuneration including Martin Sullivan of the wages, bonuses, additional awards, non-equity incentive payments and stock options, and other income.
Last month, AIG Group reported that earnings, 2007 full year group profit 6.2 billion U.S. dollars, far less than the total 2006 profit 14.05 billion U.S. dollars. At the same time, AIG Group in 2007 in the credit default swaps on the composition of the accident loss of 11.5 billion U.S. dollars, the impact of this write-down reflects the deterioration of market transactions, AIG may have to release more of the market valuation losses. Results also showed that 2007 fourth-quarter loss due to the credit AIG Group of nearly 5.3 billion U.S. dollars in losses. AIG Group first announced in the credit default swaps on the composition of the huge asset write-down later, AIG Group shares suffered huge decline. Friday the stock market closed, AIG shares fell to 47.30 U.S. dollars per share, compared to the beginning of the year decreases of 16%.
2005, AIG, former CEO Greenberg Group (Maurice "Hank" Greenberg) after being found to have a number of irregularities was forced to resign, and shortly thereafter in, AIG board of directors announced the appointment of Martin Sullivan as the new president and group Chief Executive Officer. However, Greenberg still holding 12% of the Group of AIG stock, as AIG's largest shareholder.
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