This fall, the pop culture poster child for greed, Gordon Gekko, returns in a sequel to the movie "Wall Street," called "Money Never Sleeps." While Gordon Gekko may be fictional, in reality executives may find themselves sharing their directors and officers liability insurance coverage with someone who, like Gekko, believes that "greed is good."
Recent economic crises and the surfacing of massive frauds and Ponzi schemes have forced directors and officers to watch out for themselves to a degree that they never have before. Concern over the other guy's greed is increasingly justified, as it poses a real threat.
Protecting innocent executives from the behavior of others has become imperative for risk managers, their brokers and insurance carriers.
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