Core Insights - The sudden withdrawal of AIG's offer to John Neal, who was set to become president, raises questions about the reasons behind this decision, particularly related to an investigation into his conduct at Lloyd's of London [1][2]. Group 1: Investigation and Conduct - Lloyd's of London has been investigating John Neal's conduct since last month, which led AIG to withdraw its offer after learning about the probe concerning his alleged relationship with a Lloyd's employee [2][12]. - Neal had a history of workplace relationship issues, including a significant bonus reduction at QBE Insurance Group due to failing to disclose a relationship with a subordinate [3][8]. Group 2: Workplace Culture and Risks - The incident highlights the increasing scrutiny on workplace relationships within the financial sector, with many firms implementing stricter rules or outright bans [5][6]. - Experts suggest that workplace culture has become a major risk factor in the financial industry, emphasizing the need for effective vetting processes for high-profile hires [5][14]. Group 3: Compensation and Career Background - Neal was set to receive a substantial compensation package at AIG, totaling approximately $17.2 million, which included a $5 million salary and bonuses for the first year, among other equity awards [6]. - Neal's career included significant roles at Lloyd's and QBE, where he faced challenges in profitability and workplace culture, particularly during his tenure at Lloyd's following a report on sexual harassment [9][10].