Another Failed CEO Bites the Bullet
Yesterday it was revealed that former Lehman chief Dick Fuld had stepped down as the bankrupt firm's chairman. Now another symbol of the economic collapse is heading off into the sunset. Ed Liddy, the chairman and CEO of AIG, has announced plans to step down from the scandal-plagued insurance giant, although he may be there for a while considering he plans to remain here until the company comes up with a suitable replacement. The good news? There is now a little bit of light at the end of Liddy's dark tunnel, and he should have a chance to trade the self-tanning mist in his office for some real sun in the near future. [NYT]