acts translated into a huge drop in the company's stock. According to a story by Hugh Son and Jesse Westbrook in today's Bloomberg doubts are being raised by some concerning Sullivan's leadership."It is incomprehensible that yet once again, this company, its board, its CEO and CFO, and its independent auditors are saying the company doesn't have adequate controls," said Lynn Turner, former chief accountant at the U.S. Securities and Exchange Commission and now on the board of Guidance Software Inc. and the Colorado Public Employees' Retirement Association. "These people should all be held accountable."The speculation on Sullivan's status at AIG seems premature for the moment. We will just have to wait and see. Stay tuned.
For more:
Portfolio.com
Reuters
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