American International Group (AIG) shareholders on Tuesday replaced six of the members of the financially troubled insurance giant's governing board and rejected a plan that would have imposed tough new limits on when executives can cash in their stock.At the first annual stockholders meeting since AIG's near collapse last Sept. 16, shareholders approved a new slate of directors recommended by the U.S. Treasury Department and a 1-to-20 reverse stock split designed to prevent the New York Stock Exchange (NYSE) from delisting the insurance holding company.NYSE rules call for delisting co...
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