Agreed, but whilst Sullivan should be held accountable for whats happened so should the remuneration committee who approved his package. I presume this included former chairman and now new CEO amongst its members?
Its simply not right for someone to be so handsomely rewarding for destroying $bns in shareholder value.
Gripping Reality: Sorkin's Too Big to Fail [View article]
AIG: The Success of Failure [View article]
Its simply not right for someone to be so handsomely rewarding for destroying $bns in shareholder value.
The Case for AIG - Patience Required [View article]
What is your alternative to mark to market? Whats the use in a balance sheet which doesnt reflect economic reality?