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Amid Controversy, AIG Names a New CFO

An AIG executive since 2000, the new CFO will be overseeing repayment of the bailout funds, and work with the board on new compensation policies.

October 17, 2008

American International Group named David L. Herzog executive vice president and chief financial officer on Thursday. Steven J. Bensinger, who had served since May as vice chairman-financial services and acting CFO, has left AIG to pursue other opportunities. Read more...

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More Budgeting and Planning Articles

  • Senate Passes Bailout Bill

    The revamped package won overwhelming support among members of both parties. The House is slated to vote on the bill Friday. October 2, 2008

  • Can You Hear Me?

    How to work better with headquarters. July 3, 2008

  • Capex Caution

    Bracing for a recession, many companies are reining in capital spending. But some say they must forge ahead. June 1, 2008

  • Does Disney Love New York?

    Disney Enterprises will need more than a spoonful of sugar to take the medicine it was dealt by the tax court's "federalist" type ruling. March 31, 2008

  • Darkness Visible: CFOs See Recession Through 2009

    The outlook isn't brilliant among U.S. finance chiefs studied by CFO magazine and Duke University: 75 percent see a recession starting sometime this year. The mood among finance chiefs in Europe, Asia, and China is also growing gloomier. March 12, 2008

  • Dismal Science Indeed

    Predicting recessions is a tricky business. February 1, 2008

  • Where in the World Is Your Offshore Finance Team?

    India may be your first guess, but even Indian vendors are sending operations offshore. Here's a ranking of the top 50 offshoring destinations. The list may surprise you. January 31, 2008

  • Expert: Fed Cut Won't Spark Capex Spending

    It will take more than a big interest rate cut to motivate companies to invest in capital equipment. January 22, 2008

  • Bound to Grow?

    By year-end some 200 Chinese companies will have done IPOs in 2007. But are they savvy enough to use the cash influx efficiently? November 19, 2007

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And Now for the Good News...

Here are ten bright spots to savor amid the economic gloom.

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