By Sonali Basak, Bloomberg News
Tom Russo, who helped American International Group Inc. negotiate the end of its U.S. bailout, is retiring from his post as general counsel and considering opening a piano bar, among other endeavors.
Russo, 72, will stay with the insurer until a replacement is found, Chief Executive Officer Peter Hancock said Tuesday in a message to employees. The general counsel has been with the New York-based insurer since 2010, saying at the time that he joined “for the challenge.”
Russo and a group of friends are prepared to spend about $1 million each to start the venture in midtown Manhattan, he said Tuesday in a ...
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