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September 19, 2008

Comments

John

I find it surprizing these CEO's are being fired for something that was beyond their control. I particular, the CEO for AIG. He was in his position for only 3 months. Not long enough to point the finger at him

http://www.coveragepoint.com

Dennis Wall

Ordinarily, a breach of fiduciary duties (if there is one) is not affected by "time on the risk," which is an Insurance concept. Ordinarily, whenever there is a breach of fiduciary duties, there is a breach and the amount of time it takes to breach them is not necessarily important.
Further, if other people breach their own fiduciary duties, that does not make a potentially guilty person innocent.
Best,
Dennis Wall.

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