AIG may lose more execs

Published: May 16, 2005 at 11:42 AM

NEW YORK, May 16 (UPI) -- New York's big insurance company, American International Group Inc., plans to force out several top executives in coming weeks.

As many as six top managers could leave AIG in the next two weeks as regulators and prosecutors continue their investigations into possible accounting irregularities at the global insurance group, the Wall Street Journal said Monday.

Already, AIG has lost Maurice "Hank" Greenberg, who departed in March as chief executive officer, and Howard Smith, the former chief financial officer.

Cleaning out "mahogany row" is seen is seen as one way to air any remaining dirty laundry by AIG's self-imposed May 31 deadline for filing its thrice-delayed annual report with the Securities and Exchange Commission.

The current chief executive and chief financial officer have not been implicated in wrongdoing and won't be leaving the company, the newspaper said.

© 2005 United Press International, Inc. All Rights Reserved.
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