A commercial Renaissance on the scale of American International Group takes more than business savvy, financial acumen and marketing insight. It takes a crackerjack in-house legal team like AIG’s Global Legal, Compliance, Regulatory and Government Affairs (GLCR) group.
The legal squad, led by Thomas Russo, executive vice president and general counsel, was instrumental in negotiating more than 90 strategic transactions involving the sales of non-core assets, and guiding six sales of AIG common stock by the U.S. Treasury, resulting in the company fully reimbursing the federal government for its $182 billion bailout in 2008, plus a $22 billion return on the taxpayers’ investment.
