From AIG Ouster Offers Two Lessons, No Hope:
Normally, when a high-profile CEO flames out, investors can reliably draw a single lasting lesson from the misfortune. Never a normal company, when American International Group, God Bless it, dumped its second CEO in recent times this weekend, it imparted two lasting lessons. The first is an old stand-by: Don't believe nice stuff written about a new CEO right when he is appointed, especially if he replaces a discredited leader and especially if he served for years as a lackey for that discredited leader. The times probably ain't a changin' if the creepy old guard handpicks their creepy successor. Read the full article.
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