Accounting for the Abuses at AIG - Knowledge@Wharton

When accounting problems at American International Group surfaced last winter, it looked like a small matter next to the corporation-busting scandals of the Enron era. Even after AIG issued a statement March 30 detailing the issues, it said only $1.77 billion in shareholder value was threatened -- not so much for a multinational company then valued at more than $81 billion.

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