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Ex-AIG Chief Benmosche Faults Wall Street in Posthumous Memoir

  • Sharks were circling as bankers stood to generate fees
  • Benmosche shared Hancock's `One-AIG' vision, ex-CEO's son says
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Ari Benmosche Remembers His Father's Legacy

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Robert Benmosche, the former American International Group Inc. chief executive officer who repaid a U.S. bailout, left behind criticism for Wall Street after his death.

“The commissions being charged on the auctions were exorbitant,” as banks and law firms advised on deals to shrink AIG, Benmosche recounted in “Good For the Money: My Fight to Pay Back America,” a posthumous memoir written with Peter Marks and Valerie Hendy and released Tuesday. “I wanted the numbers slashed in half.”