AIG’s Robert Benmosche: The Great Quitter

Robert Benmosche, the CEO of American International Group AIG, threatens to quit his job so often that it could be timed by a metronome. He whined when the press criticized him for spending time at his villa overlooking the Adriatic just after taking the top job at the huge and troubled insurance company. He threatened to quit over restrictions put on the pay packages of the firm’s management by compensation czar Kenneth Feinberg. Benmosche’s latest tantrum is over a lack of board support for the sale price of AIA, the company’s Asian unit. Prudential UK, which planned to buy the unit, was not able to raise the funds. Benmosche advocated dropping the price for AIA to $30.4 billion from the original price of $35.5 billion. The AIG board rejected the plan. To read the rest, head over to 247WallStreet.com