Peter Hancock News
AIG Chairman Backs Departing CEO’s Strategy, Opposing Breakup
American International Group Inc.'s chairman reaffirmed support for the course charted by Peter Hancock, even after the CEO announced he was stepping down because of insufficient investor backing. ...
AIG, Wary of Battle With Icahn, Pushed for CEO Hancock’s Resignation: WSJ
American International Group Inc's decision to remove Peter Hancock as its chief executive was to avoid a proxy battle with billionaire activist investor Carl Icahn, the Wall Street Journal reported, ...
AIG’s New CEO After Hancock? Someone From Outside Might Be Better
With AIG CEO Peter Hancock on his way out the door after failing to reverse the insurer's fortunes, some see the board turning to an outside replacement rather than an internal candidate in what ...
AIG CEO Hancock Lost Confidence of Many on His Team
Before he lost the confidence of big-name investors and his company's board members, Peter Hancock squandered the faith of many of his staff. It was November 2015, after a disappointing quarter for ...
AIG CEO Peter Hancock to Depart After Four Losses in Six Quarters
American International Group Inc. Chief Executive Officer Peter Hancock is stepping down after posting four losses in six quarters—results that hurt investors including activists Carl Icahn and ...
AIG Names Chief Auditor Gallo as New Chief Information Officer
American International Group named Martha Gallo its new chief information officer. Previously, Gallo was AIG's chief auditor. She succeeds Philip Fasano, who left the company to pursue other ...
Report: AIG Explores Penalizing or Booting CEO Hancock Over Turnaround Setback
American International Group Inc's directors are discussing whether to penalize or oust Chief Executive Peter Hancock over a major setback in the insurance firm's turnaround plan, the Wall Street ...
AIG Headcount Shrunk by 10,000 in 2016
American International Group Inc.'s headcount fell by 10,000 last year as Chief Executive Officer Peter Hancock sold units and cut jobs. The number of employees fell by 15 percent to 56,400 as of ...