Tidjane Thiam bid for AIA, the Asian wing of the crisis-stricken AIG. A public battle ensued, with some investors complaining about the $35.5 billion price Prudential was offering to pay. The bid eventually failed, after the AIG board rejected a revised lower bid. AIA was later floated on the Hong Kong Stock Exchange, and the value of the company quickly rose above Prudential’s original bid price. Thiam came under strong personal criticism following the failure of the bid, partly as a result of the costs incurred by the company in pursuing the bid. However, he was re-elected as CEO at the May
Michael Manley (CEO) bought by DaimlerChrysler UK, and Manley was appointed director of Network Development for Daimler Chrysler UK, but was transferred to the United States in 2003. In 2008, he became Executive Vice-President of planning and sales for Chrysler followed by COO for the Asia region. In 2009, Manley became the CEO of the Jeep division, a position which he has continued to hold with Fiat Chrysler Automobiles (FCA) since the merger with Fiat, with the addition of becoming responsible for RAM. Since Manley was appointed as head of Jeep, Jeep sales have risen from 320,000 vehicles in 2009 to 1.23 million