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.
American International Group Inc., the insurer that sold more than $50 billion in assets to repay a U.S. government rescue, is now focused on growth and returning capital to investors, Chairman Steve Miller said.
Hawker Beechcraft Inc., the jet maker partly owned by Goldman Sachs Group Inc., named turnaround specialist Steve Miller as chief executive officer as the company works to avoid breaching debt covenants.
Microsoft Corp. directors seeking a new chief executive officer to reinvigorate the software maker should be mindful of the lesson of J.C. Penney Co., said Steve Miller, who spent his career helping hobbled companies survive.
American International Group Inc. plans its first debt offering since the insurer’s bailout two years ago as the firm moves toward independence from the U.S. government, Chairman Steve Miller said today.