AIG CEO issues ultimatum to board of directors

07/1/2010 | Bloomberg

A months-old conflict between the board of directors at AIG and AIG CEO Robert Benmosche reached a head last week when Benmosche threatened to resign unless board chairman Harvey Golub gave up his position at the company, insiders report. "It's a boardroom battle of the highest order, a battle of big egos," said Phillip Phan, a business school professor at Johns Hopkins.

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