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| AIG CEO Benmosche wants to resign: report |
| Press Trust of India / New York Nov 11, 2009, 16:03 IST |
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Troubled insurer American International Group's Chief Executive Officer (CEO) Robert Benmosche is considering stepping down from his post just three months after he took the job, a media report says.
According to a report in The Wall Street Journal citing people familiar with the matter, Benmosche has told the board that he is thinking about leaving the post of AIG CEO.
At a board meeting last week, Benmosche told fellow AIG directors that he was "done" but agreed to think it over after other board members reacted with shock, the report stated.
"The executive is chafing under constraints imposed by AIG's government overseers, particularly a recent compensation review by the Obama administration's pay czar, Kenneth Feinberg," WSJ said citing people close to the development.
AIG, which is 80 per cent government owned since its rescue last year, is one of the companies under Feinberg's purview.
Last week, Benmosche and other AIG board members met Feinberg in New York and discussed the difficulties of complying with pay policies and retaining talent at the company.
However, the report said it was not clear whether Benmosche would actually resign. In his short tenure at AIG, he has developed a reputation for making provocative remarks and ruffling feathers as he seeks to achieve his goals, it added.
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