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was, despite its huge size, a one-man show - Greenberg's. He was kicked out in the end, but the transition was not smooth and he knew more about the company from the outside than the insiders, given that he had built it up.

Funnily enough, France's biggest insurer, AXA, was also a one-man show, being built up from a very small local insurer in Normandy into the behemoth it is by Claude Bébéar, but at least he handed over the reins to others in a more controlled and transparent fashion.

But I still fidn it amazing that two of the biggest companies in the world, controlling trillions of money, were essentially controlled by one guy each for a very long time.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Jun 17th, 2009 at 05:05:27 AM EST
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