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Did ERM Fail AIG?

After I hailed the benefits of enterprise risk management in my Feb. 9 column and blog, suggesting that a chief risk officer might have helped AIG avoid some of the systemic exposures that nearly

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After I hailed the benefits of enterprise risk management in my Feb. 9 column and blog, suggesting that a chief risk officer might have helped AIG avoid some of the systemic exposures that nearly destroyed the company (and our economy along with it), readers rightfully blasted me for failing to do my homework.

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