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
BT Global Services end of its 2010–2011 financial year, Global Services had increased orders with customers by 10% year on year, improved profitability, and became operating cash flow positive a year ahead of schedule. Total income for Global Services in 2016-7 was more than £5bn. From 2004 until 2008 François Barrault was CEO of BT Global Services and president of BT International, before leaving the company after poor financial performance results. He was replaced by Hanif Lalani. Jeff Kelly was appointed CEO in early 2010. Luis Alvarez was appointed CEO, in October 2012. Prior, Alvarez had been president of BT’s European, Middle East,