AIG Replaces CEO Sullivan Amid Subprime Woes

June 15, 2008

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The world’s biggest insurer, American International Group Inc., replaced CEO Martin Sullivan on Sunday after it suffered two quarters of record losses from risky mortgage bets and its share price more than halved over the past year.

*For more on this story,

read the full Reuters article.

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AIG Replaces CEO Sullivan Amid Subprime Woes

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