Remember the old ad campaign, “When E.F. Hutton talks, peoplelisten,” in which a crowded, noisy room would go so quiet you couldhear a pin drop whenever the sponsor's name was mentioned. Therehave never been many people who could silence a room like that inthe insurance business, but Ramani Ayer was one of them.
The iconic chair and CEO at The Hartford already has one footout the door after being pretty much hounded into promising toretire at year's end. That's not a surprise, given the company'srecent financial woes, prompting Mr. Ayer to go hat in hand toUncle Sam for $3.4 billion in bailout money.
But the criticism was relentless, hitting a peak during a May 27shareholders' meeting, where one angry attendee was prominentlymentioned in news reports, accusing Mr. Ayer of running the companyinto the ground and bluntly demanding his resignation.
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