main navigation
my pace

News Sources and Experts | PACE UNIVERSITY

News & Events

Sort/Filter

Filter Newsfeed

News Item

The Hill's Congress Blog: "AIG fracas is strictly a governance issue"

01/11/2013

The Hill's Congress Blog: "AIG fracas is strictly a governance issue"

“From my perspective, the AIG fracas is strictly a governance issue,” writes John Alan James of Pace University.  “If the current shareholders have a legal position it is not against the government but first and foremost against the board of directors of AIG who signed off on the arrangement offered by the government. They might also seek redress from the board that succeeded the board at the time of the agreement — the board that has guided the company back to profitability and financial stability. Why, they might ask, did you not try to re-negotiate the terms of the original agreement?”
 
 
Read his op-ed on The Hill’s Congress Blog.