Ignoble exit

Hank Greenberg has resigned from the AIG board of directors. The move was hardly surprising, as the company is cooperating with Eliot Spitzer, the New York attorney general, in a civil lawsuit against its long-time chief executive. On a personal level, it must have been tough for Greenberg to be ousted by his subordinates in a company that he built up over nearly 40 years. But it was right for him to go. He is accused of personally trying to manipulate the share price and of endorsing dodgy acc...