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
Head (company) the 1950s, until it and other Head designs were capturing over 50% of the US market during the 1960s, making them the leading ski manufacturer in the U.S. and the UK. Head resisted the change to fibreglass construction. In 1967, Howard Head hired Harold Seigle as company president, and became the Chairman of the Board and CEO. Bored of the results, in 1969 Head sold the company to the AMF, and took up tennis. He later bought a controlling interest in Prince Sports. In the late 1960s, a tennis division was created when Howard Head figured out a way of