If It’s Not One Thing, It’s Another

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The hazing of AIG's (jolly) new CEO continues: "The appointment of Robert Benmosche as chief executive of American International Group Inc. raises a conflict-of-interest issue for at least one potential deal as the global insurer seeks to sell assets. AIG has been in talks with MetLife Inc. about a possible deal for all or part of one of AIG's largest foreign life-insurance units. Mr. Benmosche is an ex-MetLife Inc. chairman and chief executive and remains a MetLife shareholder." Sigh. [WSJ]