AIG Reaches Incredible Milestone

The little CEO that could.

They said it couldn’t be done. They laughed when people suggested otherwise. They had good money riding on it, fact. They were wrong. And so today, we need to give a little credit where a little credit is due. A lot, in fact. Today, we need to give it up for AIG. Specifically, to the man at the top. Bobby “I’m gonna do unspeakable things to Andrew Cuomo” Benmosche, who’s achieved something so huge, it must be noted, and perhaps even toasted later today when his employees cut out early for 2for1’s. Have the taxpayers gotten their money back? No. Think bigger and wayyy more momentous.

Robert Benmosche is set to become the insurer’s longest-serving chief executive officer since the firm’s near-collapse in 2008. Benmosche, 66, will begin his 12th month leading New York- based AIG in July. That is longer than predecessors Edward Liddy, who retired after about 11 months in August 2009, and Robert Willumstad, who was ousted after fewer than 100 days as a condition of the insurer’s 2008 government rescue. AIG was bailed out after losses on derivatives tied to mortgages.

“Given that he survived 12 months, I’d say Benmosche learned very quickly that this is not just another CEO job,” said Phillip Phan, professor at the Johns Hopkins Carey Business School in Baltimore. “He has to create a more sustainable, smaller operation, to move away from derivatives, and he’s having to do it all in the public eye.”

AIG’s Benmosche Outlasts Predecessor Liddy in CEO ‘Hot Seat’ [BW]

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20 Responses to “AIG Reaches Incredible Milestone”

  1. Anonymous says:

    I thought you were going to say he got into Wee Burn.

  2. guest says:

    What’s the over/under?

  3. Anonymous says:

    He could suck the black off a telegram boy.

  4. guest says:

    @gherkin tsk, tsk.

  5. Anonymous says:

    …he looks so illegal in that pic…

  6. b2b MD says:

    Getting an MBA from the Carey Business School is the new killing it

  7. Anonymous says:

    That is incredible. The guy deserves some vacation time.

  8. Anonymous says:

    Look at the fat fucker. Just look at ’em. Just sittin there being a fat fucker.

  9. Anonymous says:

    2- on the size of his prostate?

  10. Anonymous says:

    Amazing comeback today – U-S-A!!!U-S-A!!!U-S-A!!!U-S-A!!!U-S-A!!!U-S-A!!!

  11. Anonymous says:

    too bad USA was robbed

  12. Anonymous says:

    Apparently “not being fired” is the new killing it.

  13. Anonymous says:

    Well, first off I want to thank everybody in my hood… (unintelligible blathering)… My wife, my family, my kids, everybody… My psychiatrist, she helped me relax a lot… thank you, uh, and my single comin out! Man, talk to me I got a single it’s called “Champion”. I got a song called “Champion”, LAST JUNE… (unintelligible)… And the single’s coming out! I’m sorry, thank you very much. OHHH!!!

  14. Anonymous says:

    Being a fake CEO is the new killing it

  15. Is anyone going to watch the England game today?

    @11 USA got robbed because countries don’t like us winning in THEIR sports.

  16. Anonymous says:

    @15 – Agreed.

  17. plang1 says:

    aig is no longer to big to soon as obama can be replaced it will be on the long list of things his replacement needs to correct along with closing the disgrace GM and getting rid of his ridiculous healthcare plan!

  18. Anonymous says:

    @15. Too busy. Currently re-tasking some UAVs from Sudan to Mali.

  19. byESpQ I cannot thank you enough for the post.Really thank you! Want more.

  20. Very neat blog article.Thanks Again. Will read on…