News
What Is Ackermann’s Executive Legacy Following Zurich Insurance Tragedy?
Josef Ackermann tried to shake up Zurich Insurance Group AG. Now, allegations that he was partly responsible for the suicide of the chief financial officer are casting a shadow over his 35-year-long ...
Compensation Gaps in the Insurance Industry: University Research
As part of a research project focused on analyzing leadership demographics in the insurance industry, Saint Joseph's University examined compensation level for senior officers in various market ...
Ackermann Quit Zurich After Being Named in CFO Wauthier’s Suicide Note
Josef Ackermann's abrupt resignation as chairman of Zurich Insurance Group AG came after Chief Financial Officer Pierre Wauthier mentioned him in his suicide note, the company said. "We were informed ...
CEOs Behaving Badly; Performance Graded ‘F’ By Think Tank
With a silhouetted image of a cigar-smoking bigwig reading a failing report card on its cover, a Washington think tank published a study revealing that 38 percent America's top-paid CEOs were either ...
Arkansas Homeowners Settle Suit Charging Fracking Wastewater Caused Quakes
Five Arkansas residents who sued two oil companies claiming wastewater disposal wells from fracking caused earthquakes that damaged their homes settled with the companies for an undisclosed sum on ...
SAC Capital Civil Suit Should Be Delayed, U.S. Says
A civil forfeiture lawsuit against SAC Capital Advisors LP should be put on hold while prosecutors continue their criminal case against the hedge fund over alleged insider trading, the U.S. told a ...AIG Plane Unit Pursues IPO Plan as China Transaction Stalls
American International Group Inc. is carrying on with plans for a possible initial public offering of its plane-leasing unit if an agreement to sell the business to Chinese investors collapses. AIG's ...
G20 Regulators Give ‘Shadow Banks’ Until 2015 to Comply with Global Rules
The $60 trillion "shadow banking" sector has been given until 2015 to fully comply with its first set of global rules, after an international regulatory task force unveiled plans to curb risk without ...