Former CEO reconciliation could bring in wealthy investors
Shares AIG rose 29% to $48.63, on the news that the $10.5m pay package of new chief executive Robert Benmosche is likely to be approved by the US government's pay tsar, the FT reports
Reuters and others said the rise was because of Benmosche improving relations with former long-time CEO Maurice "Hank" Greenberg.
Bringing Greenberg back could lead to new private capital investment in AIG, as Greenberg is an influential figure among wealthy investors.
