Joseph Cassano, the executive who ran the AIG Financial Products unit that nearly killed the insurance giant a year ago, reportedly will be eyed by a federal grand jury for alleged securities fraud. Law Professor Tamar Frankel, an authority on securities law, says the buck must stop somewhere.
“What President Truman understood and practiced surely the management of a far smaller unit, such as a large corporation, must understand and practice.”
Contact Tamar Frankel, 617-353-3773, tfrankel@bu.edu
