FINSwire Apr 01 2010

Treasury Puts Directors on AIG Board

FINSwire Team

Cementing its hold over AIG personnel decisions, the Treasury has chosen two new directors for the insurance company's board.

The first is Don Layton, the former chief exec of E*Trade, and the second is Ron Rittenmeyer, previously CEO of Electronic Data Systems Corp.

It wasn't only the Treasury's decision, though. AIG board members had the opportunity to interview the candidates and make it seem like they act autonomously (as far as Ken Feinberg is concerned, they don't).




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