AIG CEO News

American International Group Inc.’s new chief executive officer can expect to deal with a volatile industry, pressure from ratings firms and a restless board. And if the past is any guide, the new leader won’t get an industry-leading compensation package …

Peter D. Hancock, president and chief executive officer, has informed AIG’s Board of Directors of his intention to resign. As part of the transition plan, Hancock will remain as CEO until a successor has been named. The Board of Directors …