The financial crisis has spurred some pretty significant personnel shakeups in the insurance industry. Notably, competitors large and small are targeting the ranks of some of the largest carriers in the world, hoping to lure the best of the best away from companies beleaguered by economic uncertainty.
Since AIG CEO Ed Liddy announced he'd accept a dollar a year in compensation, he's watched helplessly as competitors pick AIG's carcass clean of talent. These competitors are promising employees what AIG can't: stability. Promising to remain until a replacement can be found, even Liddy can't get out.
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