As the news broke yesterday that New York Attorney General Eliot Spitzer might press charges against them, Harold Baxter, chairman and chief executive officer of
The pair started their $7.4 billion company, now owned by
Old Mutual CEO Jim Sutcliffe told analysts on a conference call the insurer is optimistic that with the departures of the two, any problems relating to questionable trading has been put to an end.
"The investigation is still ongoing, and we are not at a point where we can give you absolute certainty, but we are at a point where we can give you our instinct that we have got to most of these issues," Sutcliffe said.
