AIG chairman Harvey Golub steps down

American International Group Inc. said late Wednesday that Harvey Golub has resigned as chairman, citing a bad working relationship with chief executive Bob Benmosche.

Robert S. Miller was named to succeed Golub, effective immediately.

In his resignation letter, Golub said he elected to resign because he believes it is easier for the board to replace the chairman than the chief executive, given that the company is undergoing a corporate restructuring and developing an exit plan from government control. - AP