Word: aig
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...blasted as contrived. Lowenstein, a magnificent business writer, creates an almost novelistic accounting of the all-too-real 2008 financial collapse. The book opens in late summer: Lehman Brothers is a hairbreadth away from collapse, Freddie Mac and Fannie Mae have been taken over by the feds, and AIG is veering toward disaster. After several decades of laissez-faire regulation, Wall Street is crying out to be rescued by the government...
...which made the list for the first time, at No. 56, four spots from the bottom. "Here's a company that members of the public would never interact with suddenly on the list," says Fronk. Credit a slew of bad press about Goldman having its hand in everything from AIG's bailout to the flailing financial state of Greece. (See how Americans are spending...
...companies. Respondents thought most highly of tech outfits like Google and Amazon, but they thought poorly of big financial firms and most carmakers, with Warren Buffett-run Berkshire Hathaway claiming the top spot on the list. Among the companies with the worst reputations were General Motors, Goldman Sachs and AIG. (See 10 perfect jobs for the recession - and after...
Financial firms and automakers that took bailout money largely made up the bottom 10. In descending order, they were: Delta Airlines, Bank of America, JPMorgan Chase, General Motors, Chrysler, Goldman Sachs, Citigroup, Fannie Mae, AIG and Freddie Mac. Industry-wise, tobacco again claimed the worst reputation; last year it shared that honor with financial services, which this year held the second worst reputation. Third worst was insurance. At the top end of the industry-reputation list were technology, travel and tourism, and retail...
...picture deepened the red-ink bloodbath at Universal, which has suffered from a year of flops, including Green Zone, down a crushing 58% from its dismal opening last week. If Universal were a financial institution, it'd be begging for federal protection. Except that it's less like AIG, more like Lehman Brothers...