Harvey Golub , the former chairman of American International Group Inc. , said the bailed-out U.S. insurer should be broken up eventually because the firm’s two main businesses have “no strategic fit between them.”
Robert Benmosche , the American International Group Inc. chief executive officer who clashed with Chairman Harvey Golub over the insurer’s restructuring, may find less resistance after forcing Golub’s departure.
Harvey Golub, the former chairman of American International Group Inc., said President Barack Obama “violated every bankruptcy principle known to man” in the rescue of General Motors Co. and Chrysler Group LLC.
American International Group Inc. Chairman Harvey Golub stepped down from the bailed-out insurer after feuding with Chief Executive Officer Robert Benmosche over the stalled divestiture of an Asia division.
American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout.
Nov. 5 (Bloomberg) – Harvey Golub, chairman at Miller Buckfire & Co. discusses the personal credentials of President Barack Obama and Republican presidential nominee Mitt Romney. He speaks on Bloomberg Television’s “Market Makers.”
American International Group Inc. Chief Executive Officer Robert Benmosche rebuffed calls from the company’s former chairman to break up the company, saying the firm benefits from having a variety of businesses.