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AIG CEO Ready to 'Take a Scalpel' to Reshape Insurer

National News • August 8, 2008
American International Group's Chief Executive Robert Willumstad will soon take the scalpel to the world's largest insurer -- and not a minute too soon for investors blindsided by mortgage losses ...

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Subject: Accountability

Posted On: August 8, 2008, 2:04 pm CDT
Posted By: Ron
Comment:
How does a guy with uni-dimensional skills (40 years in banking) suddenly become the saviour of an insurance giant? In his last full-time banking job he was know for cutting jobs. I guess "if the only tool you have is a hammer, then every problem looks like a nail." Hopefully, the job cuts will be include the idiots that got AIG into this mess and not the people who have contributed to it's success. Funny how all the Board members, senior managers, and executives who went along for the ride never suffer repercussions.
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