Is not AIG an example of a CEO who overstayed his welcome?

Reader comment on: Fatal Risk

Submitted by Lyle (United States), Apr 21, 2011 16:37

Consider that the 3 organizations that went totally belly up had long term (20 years or so) CEOs? At some point they kill off nay sayers because they make life uncomfortable. Fuld did so at Lehman, and Cayne did at Bear Stearns, and Greenberg did at AIG, all made the company an extension of their ego. Building a reporting chain where a paranoid CEO is the only one who knows what is going on, is not good business, after all the private jet could crash! Consider that these folk clearly have made the company their life and are unwilling to take their rewards and do something different. To much ego invested in "their" company.


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The Future of Capitalism replies:

What about Redstone, Murdoch, Buffett and others who have been in for a long time without failing?

Other reader comments on this item

Title By Date
⇒ Is not AIG an example of a CEO who overstayed his welcome?
[w/response] [114 words]
LyleApr 21, 2011 16:37
AIG: Suicide or Murder? [208 words]OregonJonApr 21, 2011 23:15

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