SEC Comment Letter for AMERICAN INTERNATIONAL GROUP, (AIG) — Feb 25, 2010
AMERICAN INTERNATIONAL GROUP, INC.
Date: Feb. 25, 2010 · CIK: 0000005272 · Accession: 0000000000-10-010739
AI Filing Summary & Sentiment
File numbers found in text: 001-8787
Letter
Via Facsimile and U.S. Mail Mail Stop 4720 February 25, 2010 Mr. Robert H. Benmosche President and Chief Executive Officer American Internati onal Group, Inc. 70 Pine Street New York, New York 10270 Re: American International Group, Inc. Form 8-K filed on December 31, 2009 File No. 001-8787 Dear Mr. Benmosche:
We have reviewed your January 26, 2010 response to our January 13, 2010 comment letter and have the following comment . In our comment, we ask you to provide us with information to better understand your disclosure. After reviewing the information provided, we may raise additional comments and/or request that you amend your filing. Item 5.02 Departure of Director s or Certain Officers; Electio n of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers 1. In your response you indicated that, base d on recollections of Ms. Kelly and Ms. Pretto, AIG does not believe that Ms. Kelly characterized the AIG common stock as “worthless” to Mr. Brill. The ar ticle, however, reported that Ms. Kelly told Mr. Kenneth Feinberg that AIG’s common stock was “in a word that Feinberg says he remembers vividly, ‘wor thless.’” Please tell us whether or not Ms. Kelly told Mr. Feinberg that AIG’s common stock was worthless. If so, please tell us whether or not the Compa ny held a similar belief and, if so, the facts, circumstances and/or analysis suppor ting the Company’s belief. * * * *
Please respond to this comment within 10 business days or tell us when you will provide us with a response. Please furnish a letter that keys your response to our comment and provide the request ed information. Detailed le tters greatly facilitate our review. Please furnish your letter on EDGAR under the form type label CORRESP.
Mr. Robert H. Benmosche American Internati onal Group, Inc. February 25, 2010 Page 2 Please contact Frank Wyman, Staff Account ant, at (202) 551-3660, Joel Parker, Accounting Branch Chief, at (202) 551- 3651, Jim Rosenberg, Senior Assistant Chief Accountant, at (202) 551-3679, or Sebastian Gomez Abero, Staff Attorney, at (202) 551- 3578 if you have any questions. In this regard, do not hesitate to contact me at (202) 551-3715. Sincerely, Jeffrey Riedler Assistant Director
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Via Facsimile and U.S. Mail Mail Stop 4720 February 25, 2010 Mr. Robert H. Benmosche President and Chief Executive Officer American Internati onal Group, Inc. 70 Pine Street New York, New York 10270 Re: American International Group, Inc. Form 8-K filed on December 31, 2009 File No. 001-8787 Dear Mr. Benmosche: We have reviewed your January 26, 2010 response to our January 13, 2010 comment letter and have the following comment . In our comment, we ask you to provide us with information to better understand your disclosure. After reviewing the information provided, we may raise additional comments and/or request that you amend your filing. Item 5.02 Departure of Director s or Certain Officers; Electio n of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers 1. In your response you indicated that, base d on recollections of Ms. Kelly and Ms. Pretto, AIG does not believe that Ms. Kelly characterized the AIG common stock as “worthless” to Mr. Brill. The ar ticle, however, reported that Ms. Kelly told Mr. Kenneth Feinberg that AIG’s common stock was “in a word that Feinberg says he remembers vividly, ‘wor thless.’” Please tell us whether or not Ms. Kelly told Mr. Feinberg that AIG’s common stock was worthless. If so, please tell us whether or not the Compa ny held a similar belief and, if so, the facts, circumstances and/or analysis suppor ting the Company’s belief. * * * * Please respond to this comment within 10 business days or tell us when you will provide us with a response. Please furnish a letter that keys your response to our comment and provide the request ed information. Detailed le tters greatly facilitate our review. Please furnish your letter on EDGAR under the form type label CORRESP. Mr. Robert H. Benmosche American Internati onal Group, Inc. February 25, 2010 Page 2 Please contact Frank Wyman, Staff Account ant, at (202) 551-3660, Joel Parker, Accounting Branch Chief, at (202) 551- 3651, Jim Rosenberg, Senior Assistant Chief Accountant, at (202) 551-3679, or Sebastian Gomez Abero, Staff Attorney, at (202) 551- 3578 if you have any questions. In this regard, do not hesitate to contact me at (202) 551-3715. Sincerely, Jeffrey Riedler Assistant Director