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Monday
Oct252010

AIG CEO Diagnosed with Cancer; Still Committed to 'Repaying Taxpayers'

Photo Courtesy - American International Group, Inc.(NEW YORK) -- American taxpayer-owned insurance giant AIG disclosed Monday that its president and CEO, Robert Benmosche, has been diagnosed with cancer and is undergoing "aggressive chemotherapy."

"The good new is that I feel fine, and I continue to work according to my normal schedule," said Benmosche in a written statement.  "As for my long-term prognosis -- I will have a better idea over the next couple of month of what that will look like as I continue to under go treatment and my doctors refine their diagnosis.  All that said, I remain absolutely committed to my job, to AIG, and to all of our stakeholders."

Benmosche also highlighted his commitment to AIG's three core priorities: repaying taxpayers, meeting the company's stakeholder obligations and "restructuring the company so that it emerges as a smaller, more focused enterprise worthy of investor confidence."

AIG built a management team that would work to execute a "repayment roadmap" after the government invested nearly $140 billion in the company's bailout.

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