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Reuters: AIG replaces CEO Sullivan amid subprime woes

Started by chris, June 16, 2008, 02:41:06 PM

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chris

AIG replaces CEO Sullivan amid subprime woes
      


NEW YORK (Reuters) - 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.
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