Word: aig
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...hands-down favorite to become the nation’s next Federal Reserve chairman when Alan Greenspan retires next year. But in recent months, pundits and online gamblers alike have started putting their money on different candidates as details of a scandal at the American International Group, Inc. (AIG) unfold...
Business education has also produced former Enron CEO Jeff Skilling and other MBAs behind the malfeasances of Tyco, HealthSouth, Haliburton, AIG, and WorldCom. Many executives of corporate America who hold MBAs have also been engaged in the unethical acts of raiding their corporate treasuries at the expense of employees and stockholders. Emulating President Bush’s hubris, a multitude of CEOs in corporate America give themselves obscenely large bonuses that have little to do with their performance. In 1980, the CEOs of Fortune 500 large corporations received, on average, 70 times larger annual compensations than their average employees. Under...
...scheduled to meet in New York on April 11 with representatives from the Securities and Exchange Commission (SEC), the Justice Department and the New York attorney general's office. Greenberg is set to be deposed the next day. "The stakes are high for anyone even superficially attached to the AIG transactions," says Christopher Bebel, a Houston securities lawyer and former federal prosecutor. "This is how things are today. It's hardball." After all, prosecutors aggressively hunted down the banks that devised the complex partnerships that helped Enron hide its financial deterioration just before it collapsed...
Greenberg was, until recently, one of the valued CEOs who dutifully hit his numbers. Investors who didn't ask how he did it may wish they had. A broad range of AIG transactions are now being probed by regulators, and AIG's shares have plunged...
...candidates is Ajit Jain, who runs National Indemnity Co. and is the only Berkshire unit manager that Buffett speaks to frequently. Yet Jain has come under the regulatory microscope in Australia for direct involvement in a deal that looks a lot like the one between Gen Re and AIG. If he's Berkshire's future, investors should know. "Trust me" doesn't cut it anymore. --With reporting by Eric Roston/Washington