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...Furthermore, AIG's newly installed CEO, Edward M. Liddy, told Treasury last week that the AIG traders in question were still needed because only they could minimize the damage they had done. "AIGFP's books also contain a significant number of complex - so-called bespoke - transactions that are difficult to understand and manage," the company announced in a document sent to the Treasury by Liddy. "This is one reason replacing key traders and risk managers would not be practical on a large scale. Personal knowledge of the trades and the unique systems at AIGFP will be critical to an effective...
...seeking in the midst of an economic downturn. The conference, attended by about 150 students and held in the Charles Hotel, featured panels on creative career tracks like entertainment, sports, and fashion, followed by a luncheon that seated students with industry panelists. The luncheon featured Ali, who is the CEO of HazraH Entertainment—an independent film company specializing in urban entertainment, according to its Web site. She is best known for her role as Ashley Banks on the popular 1990s sitcom, “The Fresh Prince of Bel-Air.” A few students have secured...
...estimated revenue of 100 million yuan ($15 million) per year. Running three popular online-novel websites, Shanda boasts a total readership of 25 million and is growing at 10 million per year, according the company. "The Chinese people need a platform to express their creativity," said Hou Xiaoqiang, founding CEO of Shanda Literature. "I think our online-literature sites can partly cater to that need." (See pictures of China's electronic waste village...
...Still, Hou realizes that to expand readership further in the long term, it may not be enough to rely solely on amateur writers and their largely similar tomb-raider or martial-arts novels. "We have been in talks with big-name writers like Yu Hua as well," says the CEO. "We will be much more comprehensive than...
...also turning to Academic Approach, which has ramped up its online program within the last year: "They're coming back for Child No. 2 and now saying, rather than work with that slightly more expensive, one-on-one tutor, they would like to try the online situation now," says CEO Matthew Pietrafetta. (See TIME's special report on paying for college...