Is the A.I.G. Rally a Little Early?
Almost a year after it nearly collapsed, the American International Group has only just found a chief executive who might stick around for a while. It has been a slow start to a marathon that began when Lehman Brothers went bust in September last year, Breakingviews notes. The arrival of tough-talking Robert Benmosche has accompanied a rally in the company’s languishing stock. But real progress is sluggish, the publication suggests. A return to health looks a long way off — and any investment re