AIG’s missteps: Essex man on the edge?

Martin Sullivan, American International Group’s chief executive, has lately presided over giant losses and an accounting mis-step. Some blame his predecessor, Hank Greenberg. But if imperious ex-CEOs are an excuse, why did Chuck Prince have to quit the top job at Citigroup? A lawsuit filed by an AIG shareholder on Wednesday alleges Sullivan and others told investors all was well in the run-up to huge losses and, most recently, a $20bn capital-raising effort. Whatever the legal rights and wrongs...