AIG

Snowflake Greenberg is going hungry tonight. Read more »

American International Group is benefiting from an improved reputation after the insurer finished repaying a $182.3 billion U.S. bailout a year ago, Chairman Steve Miller said. “We were the most disrespected brand name on the planet and now we have come back,” Miller said today in a Bloomberg Television interview with Stephanie Ruhle and Erik Schatzker at the World Economic Forum in Davos, Switzerland. “We’ve built a company with tremendous momentum and we’re going back on offense.” Under Chief Executive Officer Robert Benmosche, AIG has restored its name to its main units, resumed using it in television ads and struck deals to sponsor rugby teams in the U.S. and New Zealand. In 2009, then-CEO Edward Liddy said the name was “wounded and disgraced” by the company’s bailout, amid protests against the New York-based insurer and other financial firms. “If you go back four years, Goldman Sachs probably wouldn’t even have been sitting with me,” said Miller, who was interviewed alongside Goldman Sachs Group Inc. President Gary Cohn. “We were in deep trouble then.” [Bloomberg]

Now that he’s got an official end date, Ben Bernanke’s on-again-off-again date with Hank Greenberg is off, again—for now. And probably for good. Read more »

The uproar over bonuses “was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that–sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong.” [MoneyBeat via DI]

His and Snowflake’s hands are clean. Read more »

  • 10 Jul 2013 at 1:55 PM

Keep This Delicate Flower Off The Witness Stand

He’s too gentle a soul to be subjected to the harsh interrogations of Hank Greenberg’s hired thugs/lawyers. Plus, he’s an open book: Read it. Read more »

Snowflake Greenberg may yet suffer the indignity of seeing his beloved master stripped, in his prime at 88, of his right to run public companies. Read more »