He has achieved significant results in several key positions, and he has a deep understanding of AIG's major businesses throughout its domestic and international operations.
This led to a settlement with then New York Attorney General Eliot Spitzer that was announced on February 9, 2006, and was viewed as an important first cleanup step for AIG.
[4] On October 7, 2008, Sullivan testified before the United States House Committee on Oversight and Government Reform on Capitol Hill regarding the causes and effects of the bailout of AIG.
[5][6] Sullivan's severance package payments were withheld by AIG after the then Attorney General of New York, Andrew Cuomo, raised issues.
[7] According to USA Today, "AIG CEO Martin Sullivan received $25.4 million in non severance related compensation between 2005 and 2007, including $322,000 for private use of corporate aircraft, $153,000 for car and parking, $160,000 for home security and $41,000 for financial planning.
Mr. Cuomo criticized in particular the multimillion-dollar payments to Martin Sullivan, AIG’s former chief executive, and Joseph J. Cassano, who ran the unit blamed for the losses that pushed the company to the brink of collapse.