Posted On: March 26, 2005, 5:15 pm CST

Posted By: Insurance Person

I can understand previous posts and reactions to the AIG investigation. Still at the end of all this, whether we like it or not, AIG has great management (with some exceptions) and a unique brand name.
So they may re-state results by $ 3B? Mr. Greenberg still deserves the credit for building a superb organization with $ 170B in market cap. Every organization I know has issues its executives would prefer not to read about in the papers. The Spitzers of this world are excellent at discovering them (would they be as good at creating great companies?), especially when the subject of the investigation has a high profile CEO. Mr. Greenberg is gone, results will be restated to provide Mr. Sullivan with a clean start, and AIG will continue to be a superb company for many years. Unfortunately for Hank, he doesn't get the ending he always dreamed about (and in my opinion, deserves.)