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
FTSE Group FTSE Group FTSE International Limited ( "footsie") trading as FTSE Group and FTSE Russell, is a British provider of stock market indices and associated data services, wholly owned by the London Stock Exchange (LSE) and operating from premises in Canary Wharf. It operates the well known UK FTSE 100 Index and the Russell 2000 as well as a number of other indices. FTSE stands for Financial Times Stock Exchange. The FTSE Group was created in 1995 by Pearson (former parent of the "Financial Times") and the London Stock Exchange Group. In 2010, the joint venture with Xinhua Finance was terminated,