Here we go people: It’s the Final Countdown. Let’s hear it for the last four companies standing.
aig
Don't You Wish You Made $1 A Year Like AIG's CEO?
By 5.1.09
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.
Worst Company In America: AIG VS Walmart
By 4.23.09
We’re on to the Elite 8 and things are really heating up! There are so many macroeconomic implications in this match-up!
AIG Keeps Fighting Man Over Wheelchair, Glasses, And False Leg
By 4.18.09
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.”
Worst Company In America: AIG VS Peanut Corporation Of America
By 4.9.09
Poisoning the economy or poisoning your customers? Decisions, decisions!
AIG Financial Products Employee's Public Resignation Letter
By 3.25.09
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.
Worst Company In America: Target VS AIG
By 3.25.09
Here we go, folks. Your first match-up of the 2009 season. Tie your sneakers and put on your gym clothes.
Treasury Secretary Wants The Ability To Seize Insurance Companies, Hedge Funds
By 3.24.09
The Washington Post is reporting that Treasury Secretary Timothy Geithner will testify before the House Financial Services Committee today and argue that his agency needs broad powers to seize companies and “wind them down” without allowing them to enter bankruptcy.
AIG Big Bonus Getters Will Return Their Cash
By 3.23.09
You can put down your pitchforks, NY AG Cuomo told reporters this afternoon that most of the AIG big bonus receivers had agreed to return their bonuses. 9 of the top 10 bonus recipients, and 10 of the 15 bonus recipients in the infamous financial products services division, will return their monies. The holdouts were mainly overseas workers and those outside NY jurisdiction. The total remittance comes to about $30 million. Great, can we get back to fixing the economy now? Thanks.
AIG Who? Company Name Removed From Facade Of New York Building
By 3.23.09
Gothamist has some photos of 175 Water Street in NYC — which until recently proudly displayed the name and logo of the American International Group. What happened?
Why Is A.I.G. Using Our Money To Sue The Government For $306 Million?
By 3.22.09
A.I.G. is suing the government to recover over $300 million in tax breaks that the insurance company says were improperly denied. What sort of tax breaks? The sort otherwise known as illegal Cayman Island tax shelters.
Surviving A Lynch Mob – AIG Internal Staff Memo
By 3.20.09
Via Gawker: Considering the profound social unrest surrounding just about every aspect of their entire existence, AIG disseminated the following memo to their staffers to help them avoid getting hoisted by their necktie the nearest lamppost.
Battle Of The Most Hated Companies: Countrywide Sues AIG
By 3.20.09
Last year’s Worst Company in America winner, Countrywide Home Loans, has sued AIG for not paying their claim on losses from failed real estate loans that they had insured with the company.
AIG Turns Over The Names Of Bonus Recipients
By 3.20.09
AIG has complied with Andrew Cuomo’s subpoena and turned over the names of the bonus recipients. The NY AG has released a statement about the issue, which you can read inside.
Congress Considering Sending The IRS After AIG
By 3.19.09
The Washington Post says that the House will vote this afternoon on a bill that would seek to impose a 90% tax on the AIG bonuses. The Senate Finance Committee is also working on similar legislation, but have not yet scheduled a vote.
Obama, Congress, Knew About AIG Bonuses For Months
By 3.19.09
The AIG furor continues as it turns out Obama and Congress knew about the AIG bonuses for months but previously, on the advice of lawyers, felt powerless to stop them. Question for the audience: is figuring out what happened with the AIG bonuses fundamentally important to get the economy back on track, or is it just another media circus sideshow?
AIG CEO Asks For Half Of The Bonus Money Back
By 3.18.09
AIG CEO Edward Liddy told the House Financial Services subcommittee this afternoon that he has asked the members of the Financial Products division to voluntarily return half of their bonuses.
