AIG Chairman Steps Down


Well, it looks like Robert Benmosche got his wish. After the AIG CEO reportedly claimed he would leave the beleaguered company unless chairman Harvey Golub resigned, Golub did just that Wednesday. Fellow AIG director Robert S. Miller will come on as his replacement. “At this point, I view asking the board to choose between us would be an abdication of my responsibility to lead,” Golub wrote in his statement. “Consequently, I’m resigning for the simple reason I believe it is easier to replace a chairman than a CEO.” [NYT]