Word: kadlec
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...billion, according to Forbes, and for now remains at AIG as chairman. But "the most powerful executive in the history of insurance is no longer CEO of his company," says analyst Andrew Kligerman at UBS. "That sends a very clear message." "Everybody does it" is no defense. By Daniel Kadlec. With reporting by Coco Masters
...directors who think it's a social club," says Alan Hevesi, New York State comptroller and a leader in the push for directors to pay up. Being a director isn't what it used to be. But maybe, at last, it's what it should be. --By Daniel Kadlec...
Home prices have shown signs of sluggishness in Las Vegas and a handful of other markets, fueling the debate over whether we are in a dangerous housing bubble. TIME senior writer DANIEL KADLEC talked with Bob Toll, CEO of Toll Bros., one of the nation's largest luxury-home builders, who insists that any talk of a slowdown is premature...
...contacts. Prince calls the Citi brand "a precious thing," and told FORTUNE that "the celebration of financial results causes a few people at the edges" to stray. His challenge: to impose a new culture of ethics while maintaining the aggressiveness that led Citi to its global dominance. --By Daniel Kadlec...
...taking a lead role in corporate reform. For starters, he put more independent directors on the board and got rid of stock options as part of his pay. "We know we are studied," he says. "We feel we have a responsibility. A good reputation is very important." --By Daniel Kadlec...