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...Liddy, the former head of Allstate who joined AIG (AIG) as chairman and chief executive officer in September quit today. He said he would stay on until the company found a replacement, or replacements, but his enthusiasm for an ongoing obligation to the insurance firm and the government bailout of AIG had vanished...

Author: /time Magazine | Title: Behind Ed Liddy's Departure from AIG | 5/22/2009 | See Source »

...charges they made against him, and that was a plain and simple fact. As he said at the time, "Six months ago I came out of retirement to help my country. At the government's request I've had the duty and extraordinary challenge of serving as chairman and chief executive officer of American International Group, or A.I.G...

Author: /time Magazine | Title: Behind Ed Liddy's Departure from AIG | 5/22/2009 | See Source »

...Liddy should have concluded his March testimony and cross examination in front of the House Financial Services subcommittee by pulling a blank sheet of paper from his brief case, writing his resignation on it, and handing it to chairman Barney Frank. Liddy is too class an act to have done that. He at least waited until AIG has reached a more stable state and left without a word of anger...

Author: /time Magazine | Title: Behind Ed Liddy's Departure from AIG | 5/22/2009 | See Source »

There is no guarantee, however, that limiting residents' shifts is the key to patient safety. Dr. Kenneth Polonsky, chairman of the Department of Medicine at Washington University in St. Louis, who co-wrote an editorial accompanying Nuckols' study in the New England Journal, says that while some studies show a correlation between fatigue and mistakes, not all reach the same conclusion. What's more, Nuckols says, studies aimed at determining the cause of a mistake are inherently complicated: they require highly skilled researchers to pinpoint exactly what went wrong and when, and many rely on self-reporting from residents...

Author: /time Magazine | Title: Are Medical Residents Worked Too Hard? | 5/21/2009 | See Source »

...Hardest hit has been Las Vegas Sands, whose chairman, Sheldon Adelson, envisioned transforming a stretch of reclaimed Macau land called Cotai into a new Las Vegas Strip with a $12-billion development of hotels and casinos. He launched the effort in 2007 with the opening of a 3,000-room Venetian hotel similar to his flagship Las Vegas property. But last year Adelson struggled to find financing for the project. Construction on new hotels was suspended in November, and the company recently said it would cut as many as 4,000 workers from its Macau operations. Late last year...

Author: /time Magazine | Title: Fortunes Fade for Macau's Casino Kings | 5/21/2009 | See Source »

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