Consumerist
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populist rage
Government Orders Pay Cuts For Bailed-Out Firms
The huge salaries and bonuses paid to executives of banks and other firms that received government bailout funds have been the subject of a lot of taxpayer rage. The Obama administration listened, and will order pay cuts. More » -
aig
Czar Tells AIG Not To Hand Out As Many Bazillions More In Bonuses Come March
Not content with just one Worst Company in America victory, AIG is going for back-to-back titles by trying to give out $198 million in bonuses in March. More » -
your money at work
Bailout Banks Will Keep Using Your Money For Private Jets
Under government pressure — and by "pressure" we mean asking meekly in a very soft voice — companies that have received funding from the taxpayer-funded TARP program have outlined the controls they plan to put in place to limit "luxury expenditures." And — surprise! — the definition of "luxury" is very different for the corporate titans spending your money. While most big banks have put at least some limits on personal use of corporate jets, many seem to echo Bank of America's policies on official use, which state that that execs can use private planes for "safety and efficiency reasons," no advance approval required. More » -
economic meltdown
AIG No Longer Hemorrhaging Money, Actually Makes Profit
Big news! AIG, poster child of the economic meltdown, has reported a profit. The company says it had a net income for the second quarter of $1.8 billion, which is much better than in 2008 when it lost $5.8 billion. So, how much did we-the-people get for our investment? $1.5 billion. More » -
oh hell no
AIG Asks Federal Permission To Pay $2.4 Million In Executive Bonuses
A hush fell over the AIG conference room on the day that their Worst Company in America 2009 trophy was unveiled. The eyes of every executive in the room sparkled with just a bit of pride. "Well done, everyone," said the man at the head of the table. "But we mustn't rest on our gilded-feces laurels. It's time to begin our work for next year's competition."
That's how I imagine the meeting went where AIG decided to award more bonuses to executives next week. More »
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aig
AIG's WCIA 2009 Award Mailed
We put AIG's Worst Company in American 2009 award in the mail today. Here is the congratulatory letter that accompanied their prize:
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worst company in america
How To Deliver AIG's Golden Poo Trophy?
Here are three beauty shots of the "Lucky Golden Poo" trophy we shall bestow upon AIG, glorious 2009 victors in our Worst Company In America contest. Ain't she purty? The big question now is... how should we deliver it? Plop your suggestions in the comments.
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wcia 2009
Worst Company In America: AIG WINS!
Congratulations to AIG for beating Comcast in this year's final.
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wcia 2009
Worst Company In America CHAMPIONSHIP: AIG VS Comcast
This is it, folks. The Final Deathmatch is here. To reach the final round AIG defeated #32 Target, #17 Peanut Corporation of America, #9 Walmart, and #5 Ticketmaster. Comcast had an equally impressive showing, waltzing past formidable opponents such as #30 DirecTV, #14 Capital One, #11 GM, and finally, last year's returning champion #2 Bank of America (Countrywide, Merrill Lynch) went down in an upset last night.
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aig bailout
Remember How Mad You Were About Those AIG Bonuses? They're Bigger Than You Thought
So, remember those bonuses everyone was so mad about? Well, it turns out that they were bigger than originally disclosed. A lot bigger. More » -
wcia 2009
Worst Company In America FINAL FOUR: Ticketmaster VS AIG
A loathed entertainment monopoly? Or an economy-wrecking out-of-control insurance company? Which do you hate more?
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wcia 2009
Worst Company In America: FINAL FOUR
Here we go people: It's the Final Countdown. Let's hear it for the last four companies standing. More » -
executive compensation
Don't You Wish You Made $1 A Year Like AIG's CEO?
The NYT DealBook Blog says that AIG's $1 interim CEO is living pretty well, despite the whole "being hated for something you didn't do" thing. More » -
wcia 2009
Worst Company In America: AIG VS Walmart
We're on to the Elite 8 and things are really heating up! There are so many macroeconomic implications in this match-up!
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stingy
AIG Keeps Fighting Man Over Wheelchair, Glasses, And False Leg
AIG needs its money for its own problems, people, and doesn't want to have to share with insurance claimants! That's why they've fought every request from John Woodson, a man who lost a leg, an eye, and 70% of the vision in the remaining eye while working as a contractor in Iraq. He told ABC News, "You constantly are worried about who is going to pay these bills, who is going to take care of me? Because you can't rely on AIG to come through for you. I don't understand how a company of their size and their magnitude, with government bailouts and money and support, I don't understand their not taking care of the individuals that were injured." More » -
wcia 2009
Worst Company In America: AIG VS Peanut Corporation Of America
Poisoning the economy or poisoning your customers? Decisions, decisions!
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aig bailout
AIG Financial Products Employee's Public Resignation Letter
Here is a resignation letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group's financial products unit, to Edward M. Liddy, the chief executive of A.I.G. It was published in the New York Times. More » -
wcia 2009
Worst Company In America: Target VS AIG
Here we go, folks. Your first match-up of the 2009 season. Tie your sneakers and put on your gym clothes.
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aig
New York, 9:09 AM
Sat Nov 21
27 posts in the last 24 hours
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