An Inquiry in to A.I.G.

March 16th, 2009 • No Comments

A.I.G. — the American International Group has become arguably the most interesting public figure of corporate governance in this economic crisis, with President Barack Obama resenting their company for theft-like behaviour with regard to the recent bailout funds provided to them by both the U.S. Treasury and the Federal Reserve. Continue reading ‘An Inquiry in to A.I.G..’

Obama: “Every Legal Avenue to Block These Bonuses”

March 16th, 2009 • No Comments

President Barack Obama vowed to the American people Monday that the insurance industry, and particularly the American International Group, will be stopped in every way legally possible from paying out this “recklessness and greed” to executives. Continue reading ‘Obama: “Every Legal Avenue to Block These Bonuses”.’

AIG Discloses Federally Funded Payments

March 15th, 2009 • No Comments

Financial outrage seems to be a common topic these days — particularly that involved with federal bailout money, yesterday we saw AIG announcing that it’s “hands were tied” with regard to this year’s bonuses, and after significant pressure from Congress and the world, today, counterparties to credit default swap portfolios were made public. Continue reading ‘AIG Discloses Federally Funded Payments.’

AIG Scales Back Bonuses Under Treasury Pressure

March 14th, 2009 • 2 Comments

The American International Group — more commonly known as AIG — is paying out it’s executive bonuses to meet the Sunday deadline, but the company has agreed to restrain future payments by request from the Treasury Department. Continue reading ‘AIG Scales Back Bonuses Under Treasury Pressure.’