AIG 10K Filing and Restatements Shave 2004 Net Income by 11.9%

May 31, 2005

  • May 31, 2005 at 12:40 pm
    Jim says:
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    now that Hank is gone
    who will question AIG result
    this year or next year
    if revenue is done by 5% & earnings down 3%
    the new management will claim
    market conditions etc

    Hank would demand increases & hold people accountable for the increase. Thats why he was the best for shareholders. Also he took no salary of any note. remind them when the new CEO get $10 million + a year in future. Now complain as a share holder.

    also the 2-5 % reductions where accounted for in 1 period when they actually happened
    over 3 years

    1% a year?????? good grief

  • May 31, 2005 at 12:41 pm
    Jim Bradley says:
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    m

  • May 31, 2005 at 12:47 pm
    fred says:
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    What do you call $1m plus an $8m bonus (not including his pay from Starr etc).

  • May 31, 2005 at 12:54 pm
    Jim says:
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    $1 million plus 8 million is no salary for the largest insurer & financial in USA

    wait until new CEO is making $15 plus with neg growth

    also CV Star is owned by others. not public

    CV Star has been around for over 50 years

    if you are in the insurance business you would already know this

  • May 31, 2005 at 2:16 am
    Mack says:
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    Poor Hank!! I don’t know how he could have survived on the meager salary and bonus of only 8 million per year. I suppose the corporate jet and other fringe benefits helped to get him through the tough months.

  • May 31, 2005 at 2:32 am
    Sue says:
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    I’ll take that “No salary” for a year. Jimbo you have to be a hard line AIG’er. Or are you a “no salary person too?



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