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Can AIG Stay on Top?
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******************************** Can AIG Stay on Top? http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1169 To the lengthening list of fallen executives, add one more: Maurice "Hank" Greenberg, legendary CEO of American International Group, was forced to step down March 14 as investigators look at whether the company used complex insurance transactions to improperly pad its bottom line. Greenberg's departure, after a four-decade reign that turned AIG from a sleepy also-ran into the world's biggest insurer, immediately raises questions about whether the company can stay on top -- or whether shareholders will suffer, as they have in so many corporate scandals.
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