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3/23/2005
A.I.G. Fires Two for Failing to Cooperate with Government Investigators
A.I.G. Fires Two for Failing to Cooperate with Government Investigators
From the New York Times:
-- MDT
A.I.G. Fires 2 Executives for Not Helping in InquiryRead the rest here.
By JENNY ANDERSON
Published: March 22, 2005
Two top executives at American International Group, the insurance company, were dismissed yesterday for refusing to cooperate with regulators in a widening investigation of the accounting for some insurance transactions.
The two executives - Howard Smith, the chief financial officer, and Christian Milton, the vice president for reinsurance - were both dismissed yesterday after invoking their Fifth Amendment rights against self-incrimination in dealing with regulators investigating a transaction between A.I.G. and General Re, a reinsurance unit owned by Berkshire Hathaway, people close to the investigation said last night.
The two executives had previously been placed on leave.
-- MDT
Labels: General Re
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