AIG results shake investor confidence in management

AIG's reserve charge led to a 9 percent drop in its shares
while also raising questions among investors and analysts as to the
capability of management to guide the company to the goals
they've outlined over the past year.
As Ryan Tunis of Credit Suisse pointed out in a note just after
AIG posted its surprising operating loss of nearly $2.8bn for the
fourth quarter: "How much hit to credibility does this
management team now need to overcome?"
The loss,...