- Description
A conversation with Hank Greenburg, CEO of the largest U.S. insurer American International Group, about financial security and investments.
- Keywords:
- investing
- security
- Hank Greenburg
- Insurance
- financial advise
- CEO
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Daniel_Weise 09/27/2008 12:05 PM Report
It is a shame for the republican-philosophy led politics taking over this very solid and well-founded company. I can't believe how grabbing a company can still occur in our day and age. My sympathies goes to Mr. Greenberg for an outstanding job in making AIG the largest insurance company in history,and one of the BEST companies to work for. Shame on the incumbent government and its philosophies/policies that pave the way for such a takeover to happen.
rsgmon 09/27/2008 11:59 AM Report
AIG took risks that they didn't understand. The blame falls on a crappy board and senior management. The shareholders deserve nothing. How about a private fund for the stakeholders in this operation. It doesn't deserve a bail out just like any other private company.
Alex Gaal 09/27/2008 11:59 AM Report
What I wanted to get out of that interview is; what exactly will AIG do with any bridge loan? The difference between a lack of liquidity and insolvency is just a matter of degree. What will they do differently then the business as usual model that got them into this in the first place; a conservatorship here is called for. Seems to me the assets and obligations on the books of AIG might just find themselves in the hands of some other institutions if AIG had to simply parcel them out -- life would go on. And, given Mr. Greenburg's 12 percent stake in AIG, which I'm only guessing here, makes him the majority shareholder, why wouldn't he file an injunction requiring AIG to allow his participation in any resolution necessary? Its become obvious that Deregulation is just code for, get oversight, enforcement, accountability and responsibility off our backs -- if people, left to what the worst of their own devices may wrought, could be trusted, we wouldn't need big government. Finally,don't even think about privatizing social security unless you want legions of the elderly all across the nation homeless and pounding on our windshields asking for handouts.
gDao 09/19/2008 01:42 PM Report
excellent interview
Alex Gaal 09/17/2008 01:05 PM Report
What I wanted to get out of that interview is; what exactly will AIG do with any bridge loan? The difference between a lack of liquidity and insolvency is just a matter of degree. What will they do differently then the business as usual model that got them into this in the first place; a conservatorship here is called for. Seems to me the assets and obligations on the books of AIG might just find themselves in the hands of some other institutions if AIG had to simply parcel them out -- life would go on. And, given Mr. Greenburg's 12 percent stake in AIG, which I'm only guessing here, makes him the majority shareholder, why wouldn't he file an injunction requiring AIG to allow his participation in any resolution necessary? Its become obvious that Deregulation is just code for, get oversight, enforcement, accountability and responsibility off our backs -- if people, left to what the worst of their own devices may wrought, could be trusted, we wouldn't need big government. Finally,don't even think about privatizing social security unless you want legions of the elderly all across the nation homeless and pounding on our windshields asking for handouts.
rsgmon 09/17/2008 11:25 AM Report
AIG took risks that they didn't understand. The blame falls on a crappy board and senior management. The shareholders deserve nothing. How about a private fund for the stakeholders in this operation. It doesn't deserve a bail out just like any other private company.
rsgmon 09/17/2008 11:25 AM Report
AIG took risks that they didn't understand. The blame falls on a crappy board and senior management. The shareholders deserve nothing. How about a private fund for the stakeholders in this operation. It doesn't deserve a bail out just like any other private company.