. >>> and a big change at aig this afternoon, robert benmosche is out.peter hancock takes on both jobs, right now he is an executive vice president. benmosche is expected to resign in september but will stay on in an advisory role. benmosche is credited with steering the company through the financial crisis and paying back almost all the $2.8 billion received from the u.s. treasury. >>> and in detroit today, two very different agendas for the gm meeting. shareholders were asked to vote about improving new directors and incentive plans for top executives. but outside, protesters were demanding gm executives be held accountable for defective ignition switches linked to at least 13 deaths and the recalls of millionings of cars, phil lebeau has more. >> reporter: less than a week after ceo mary barra announced the recall of the vehicles from the faulty ignition switches, general motors held its annual shareholder meeting here in detroit. it was a relatively uneventful meeting. there was no update on the recall investigation. and gm ceo mary barra says they'r

. >> let's talk about who is going to take over for robert benmosche. what type of changes and what kind of background? >> peter hancock is a 20 year veteran of jpmorgan. he came to the company in 2010. he has big shoes to fill them as feinberg had mentioned, but he's also got other big additions to fill now that he will become ceo. run got to find a person to the property and casualty, which is what hancock did. to see whether winthrop, another possible successor, will stay at aig. if he does, he needs to find a good candidate to run the life and portion -- life insurance portion of aig. , it is well-known that he has been fighting cancer since 2007. he said to me yesterday that it is still there and he is fighting it aggressively, but he has no plans to take another job full stop he wants to go back to his vineyard in croatia and relax. next -- >> it should be a celebration at aig as benmosche really save the country -- the after the debacle of 2008. >> that is right. >> thank you, betty liu. is providingin some perspective on what it is like to be a

he will be the president and ceo starting september 31st, taking over for robert benmosche who took over the company during a very difficult time. he currently serves, mr. hancock currently serves as executive vice president of aig. so he has been within the company. he also will join aig's board of directors. that will be effective september 1st. mr. benmosche is expected to resign from the aig board of directors on september 1st. adam, he will continue to advise peter hancock going forward. adam: benmosche as you pointed out he has been crucial to aig's revival since 2008. going into what was a beaten company and bringing them up. he stood up for when a lost country was demanding blood because they were paying bonuses. he said i need staff there. he stood up for them. liz: he did. the company certainly done well. it is pulling back slightly. it was pretty much telegraphed that mr. benmosche would be stepping down. that is our breaking news. we go back, so sorry to interrupted, dan. you can finish your thought. >> that's okay. i'm sure we were talking about the banks. life insures, that