Word: aig
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...AIG and Maurice "Hank" Greenberg, in their latest legal fight, seem both to be hoping that they can convince a judge and a jury that the ends justify the means, and perhaps also that they are the nicer of the two parties...
...recent, prosperous past, giving AIG’s leadership confidence in entering uncharted markets.But by last September, one of AIG’s gambles had all but destroyed the institution—once the 18th largest public company in the world. To prevent an abrupt and potentially catastrophic collapse, AIG was forced to take a $182.5 billion lifeline from the U.S. government to cover losses that its forecasts indicated were never supposed to happen. Quantitative models like Gorton’s—equally likely to emerge on a dusty blackboard as the frenzied trading floor—have come...
...never discuss AIG,” Feldstein wrote in an email...
...We’ve spent considerable effort focused on AIG’s board of directors,” AIG trustee Douglas L. Foshee said during a May 13 hearing before the U.S. House of Representatives' Committee on Oversight and Government Reform. “We’ve come to the conclusion that if AIG is to succeed, it needs a fresh start...
Feldstein’s exit comes as the last in a series of departures of veteran directors at AIG. The company’s recently-appointed Chairman and CEO Edward M. Liddy and long-time directors Stephen F. Bollenbach and James F. Orr have all announced that they will step down...