Topic: Robert H. Benmosche

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  • Meg Whitman new HP CEO. What firm has more CEO change?

    Meg Whitman new HP CEO. What firm has more CEO change?

    Fortune 500 companies are supposed to be stable, rock-solid institutions, where CEO change rarely happens. But it doesn't always happen that way. Just ask Hewlett-Packard, which announced Thursday that Meg Whitman would be the company's new chief executive officer, the fourth HP CEO in six years. In the past six years, only 16 companies on the Fortune 500 or S&P 500 have had three CEOs, according to executive search firm Crist Kolder Associates in Hinsdale, Ill. Besides HP, only two have had four or more. Can you guess who these CEO change champions are? [Editor's note: This story was updated 9/23/2011.]

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  • That didn't take long: AIG decides not to sue US over bailout terms

    AIG, which said it had been legally bound to consider the interests of shareholders, appears to have concluded that damage to its public image would outweigh any benefits of joining the suit.

  • AIG stock, $18B, to be auctioned by US Treasury Department

    AIG stock owned by the US Treasury Department will be mostly unloaded, decreasing the Treasury Department's share to below majority stake. The $18 billion sale of AIG shares is the latest step to recoup taxpayer money spent on the bailout.

  • Meg Whitman new HP CEO. What firm has more CEO change?

    Meg Whitman new HP CEO. What firm has more CEO change?

    Fortune 500 companies are supposed to be stable, rock-solid institutions, where CEO change rarely happens. But it doesn't always happen that way. Just ask Hewlett-Packard, which announced Thursday that Meg Whitman would be the company's new chief executive officer, the fourth HP CEO in six years. In the past six years, only 16 companies on the Fortune 500 or S&P 500 have had three CEOs, according to executive search firm Crist Kolder Associates in Hinsdale, Ill. Besides HP, only two have had four or more. Can you guess who these CEO change champions are? [Editor's note: This story was updated 9/23/2011.]

  • AIG repaying $4 billion in taxpayer aid

    AIG repaying $4 billion in taxpayer aid

    AIG said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale. AIG will use more than $3.9 billion of the proceeds to repay the Federal Reserve Bank of New York.

  • AIG restructuring: Can taxpayers recoup bailout funds?

    AIG restructuring: Can taxpayers recoup bailout funds?

    The bailed-out insurer AIG is restructuring. This gradual make-over holds the best hope for US taxpayers to recover bailout money, say analysts.

  • Why are big banks like Citigroup rushing to pay back TARP funds?

    The New Economy Why are big banks like Citigroup rushing to pay back TARP funds?

    Citigroup announced it is paying back federal TARP funds, joining the likes of Bank of America, Goldman Sachs and JP Morgan. Why are they in such a hurry?

  • Veterans day appreciation: Top 5 veterans in business

    The New Economy Veterans day appreciation: Top 5 veterans in business

    On Veteran's Day, Americans celebrate those who served the country as members of the military. But after trading fatigues for suits, here are the top 5 veterans who have left their mark on the business world.