{"id":56968,"date":"2017-03-10T09:11:49","date_gmt":"2017-03-10T14:11:49","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=56968"},"modified":"2017-03-10T09:11:49","modified_gmt":"2017-03-10T14:11:49","slug":"aig-ceo-to-resign-after-dismal-earnings-successor-unclear","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2017\/aig-ceo-to-resign-after-dismal-earnings-successor-unclear.html","title":{"rendered":"AIG CEO to Resign After Dismal Earnings, Successor Unclear"},"content":{"rendered":"<p>(Reuters) American International Group Inc (AIG.N) said on Thursday its Chief Executive Peter Hancock will step down, a decision he made after poor financial performance frustrated shareholders and the insurer&#8217;s board of directors. Hancock, 58, will remain as CEO until a successor is named. In a joint statement, neither he nor Chairman Douglas Steenland gave any clues as to who might replace him.<\/p>\n<p>&#8220;Without wholehearted shareholder support for my continued leadership, a protracted period of uncertainty could undermine the progress we have made and damage the interests of our policyholders, employees, regulators, debtholders, and shareholders,&#8221; Hancock said.<\/p>\n<p>Billionaire activist investor Carl Icahn, who is AIG&#8217;s fourth-largest investor, cheered Hancock&#8217;s departure: &#8220;We fully support the actions taken today by the board of AIG,&#8221; he tweeted.<br \/>\n<a href=\"http:\/\/www.reuters.com\/article\/us-aig-moves-ceo-idUSKBN16G1RB\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) American International Group Inc (AIG.N) said on Thursday its Chief Executive Peter Hancock will step down, a decision he made after poor financial performance frustrated shareholders and the insurer&#8217;s board of directors. Hancock, 58, will remain as CEO until [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56968","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=56968"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56968\/revisions"}],"predecessor-version":[{"id":56969,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56968\/revisions\/56969"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=56968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=56968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=56968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}