CEO wanted to take the Pru’s lower offer. Chair refused
The Prudential’s reduced offer for AIG’s Asian life unit AIA caused a rift between AIG CEO Bob Benmosche, who wanted to accept the price cut, and chairman Harvey Golub, who won the board vote to refuse, the FT reports.
The rift has triggered concerns within the board and the US government, who fear one of the two men might leave less than a year after their appointment, the FT said.
But the relationship between Benmosche and Golub has not completely broken down, the FT said.
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