Tuesday, February 12, 2008

AIG Loss Disclosure May Put CEO's Job in Jeopardy...

American International Group recently disclosed that its losses may be much larger than the $1.6 billion it previously estimated. That disclosure may cost Martin Sullivan, AIG's chief executive, his position. For now, a company representative says Sullivan is not leaving, but declined to comment on whether he would follow in the path of other high-profile CEOs at Citigroup and Merrill Lynch.

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