American International Group Inc., New York, has dismissed 2 executives, the company says.[@@]
The executives were dismissed for failing to cooperate with an accounting probe, according to AIG spokesman Chris Winans.
AIG previously had announced that the executives, Howard Smith, the company’s former chief financial officer, and Christian Milton, a former vice president for reinsurance, were “on leave.”
AIG has been under scrutiny from both the U.S. Securities and Exchange Commission and New York Attorney General Eliot Spitzer’s office. Investigators have been looking into allegations that AIG may have used reinsurance transactions or other transactions to improve the appeal of its financial statements.