AIG

Knows from sinking ships.The former AIG chief may not testify in his lawsuit against the government for taking his company away, but he can’t stop the government from mentioning—as often as possible—that time he said that AIG was the Titanic and he was the deck-chair-rearranger-in-chief. Read more »

hank and snowflakeIt’s looking like Hank Greenberg (‘s lawyer) might actually convince people he was wronged. Read more »

  • 28 Oct 2014 at 1:00 PM

Robert Benmosche Has Found His True Calling

Let's hope he has a few of these before putting pen to paper.Sure, he was the best CEO in American history. But as those who watched his heroic struggle to repay taxpayers all of those billions while avoiding the occasional racist remark know that, above all, the man is a wordsmith. Now, he’ll compile those bon mots into book form, and he doesn’t really even care if you buy one; he’s doing just fine. Read more »

Our friends at The Wall Street Journal did the heavy lifting, forcing the SEC to unredact the testimony of a dozen unfortunate souls questioned by the SEC, so it would be churlish not to enjoy all of the awkwardness, bad jokes, requests for corporal punishment and, of course, invocations of Fifth Amendment rights available therein. Read more »

  • 10 Jun 2014 at 5:28 PM

Robert Benmosche Is Gonna Take Off Now

The AIG chief, whose greatest hits include “my balls are bigger than the government’s,” “The worst thing that will ever happen to him is when he and I meet in the room and I close the door,” and “women go wild when they walk [into my bathroom],” will officially bid his people adieu come September. Read more »

  • 14 Mar 2014 at 2:29 PM

Bonus Watch ’14: Robert Benmosche

Benmosche, 69, earned a $6 million cash incentive, 50 percent more than his target, the New York-based insurer said yesterday in a regulatory filing…AIG revamped pay plans for executives last year to link compensation to performance after the end of restrictions tied to a U.S. government bailout. AIG repaid the rescue in 2012 and advanced 45 percent last year, beating the 30 percent gain of the Standard & Poor’s 500 Index. The plan “aligns the economic interests of our executives with the long-term interests of AIG and our shareholders,” the insurer said in the filing. Benmosche received a $2.3 million salary and $6.5 million in stock awards, bring his total compensation to $14.8 million, That’s 40 percent more than he earned a year earlier. [Bloomberg]

  • 12 Mar 2014 at 11:55 AM

Ex-AIG CEO Not Into Bailouts (For The Poor)

For corporations and fluffy white dogs they’re okay. Read more »

Snowflake’s daddy may not be able to sue the New York Fed, but his lawyers will be allowed a little chat under oath with the Fed’s soon-to-be-former chairman. Read more »