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Updated with today's AIG stock movements.

NEW YORK (

TheStreet

) -- According to a report in the

Financial Times

, the leading candidate to become chairman of

AIG

(AIG) - Get American International Group, Inc. Report

is none other than the inimitable Harvey Golub, chairman and chief executive of

American Express

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between 1993 and 2001.

Golub, who has been serving on the board of AIG since June, has, according to the FT, emerged as the leading candidate. In doing so, he has eclipsed, among others, Dannis Dammerman, the former

General Electric

(GE) - Get General Electric Company Report

executive who also currently occupies a seat on the AIG board.

Golub, a strong personality, to put it mildly, has been an outspoken critic of government involvement in business affairs. Not only is this fact deeply ironic, it would also presumably serve to help insulate AIG against its many congressional critics, should he, in fact, attain the chairmanship.

In related news, shares of AIG

experienced a massive spike of more 60% Wednesday

, bolstered by the expectation of stronger-than-expected earnings on Friday, unraveling of short positions -- and possibly by whisperings of the ascension of Golub. At the close of Wednesday trading, shares of AIG were trading hands at $22.00, an increase of $8.48 from the Tuesday's closing price.

In Thursday morning trading, shares of AIG were changing hands at $24.48, up $2.48, or more than 10%.

-- Written by Ty Wenger from New York.

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