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AIG Sliding from 37.50 to Fresh Pre-Bell Lows of 36.50 – Top Exec Reportedly Considers Stepping Down

by MidnightTrader.com November 11, 2009 6:57 EST Related Symbols:

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07:57 AM Eastern Standard Time, 11/11/2009 (MidnightTrader) — AIG (AIG) shares are stepping steadily lower through the first-half of pre-market trade following a WSJ report that the company’s CEO Robert Benmosche told the company’s board he is considering stepping down. The story said the top exec is particularly unhappy over a recent compensation review by Kenneth Feinberg, the Treasury bailout program’s special master for compensation.

Benmosche reportedly told AIG directors he was “done”. He did say he would think it over, the report noted.

Price: 36.50, Change: -1.09, Percent Change: -2.9

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