• News

    US Taxpayers Now (Indirectly) Involved In Duke University Sex Scandal

    When a group of Duke University lacrosse students were wrongfully accused of sexually assaulting a stripper a few years back, did you watch from the sidelines, wracking your brain as to how you could somehow get in on the action? You probably didn’t want to be one of the main players but when the story […]

    / Feb 23, 2011 at 5:12 PM
  • News

    Former AIG Chairman Has Suggestion For Insurer’s 5 Year-Plan

    “Longer-term, AIG shouldn’t exist,” Golub said in an interview airing today on Bloomberg Television’s “In the Loop with Betty Liu.” [Bloomberg]

    / Jan 27, 2011 at 6:05 PM
  • News

    Robert Benmosche Waxes Nostalgic

    During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on it. “Somebody came by, grabbed the umbrella and broke it,” said AIG Chief Executive Robert Benmosche, who added that the attacker told the employee […]

    / Dec 21, 2010 at 11:16 AM
  • News

    Layoffs Watch ’10: Chartis

    Cuts going down circa now.

    / Nov 9, 2010 at 1:08 PM
  • News

    AIG Names Sid Sankaran Senior VP, Chief Risk Officer

    American International Group today announced that Sid Sankaran will join AIG as Senior Vice President, Chief Risk Officer.

    / Nov 8, 2010 at 8:45 AM
  • News

    Robert Benmosche Is “Feeling Great”

    Something you’ve probably picked up on over the last year or so is that Robert Benmosche? Is no one’s bitch. Not the market’s bitch, not Treasury’s bitch, not Andrew Cuomo’s bitch, and definitely not cancer’s bitch. At times when others would’ve rolled over and taken it, ‘Mosche told them where they could go. So it […]

    / Nov 5, 2010 at 1:07 PM
  • News

    The Best Lines From The White House’s Rebuttal To The SIGTARP Report

    Earlier this week, Troubled Asset Relief Program’s inspector general Neil Barofsky issued a report noting that the Treasury’s estimate that it will lose $5 billion on its AIG TARP investment “represents a dramatic shift from the $45 billion loss that Treasury had projected in its AIG investment just six months earlier.” Barofsky went on to […]

    / Oct 27, 2010 at 3:39 PM
  • News

    You’re Invited: Celebrate With AIG

    Say what you will about 70 Pine Street– the headquarters of AIG, the most majestic insurance company/hedge fund in all the land, but we’ve all had some good times there, whether directly or as the indirect beneficiaries of stuff that went down. It’s incredibly emotional even just to think about the fact that the company […]

    / Oct 26, 2010 at 3:57 PM
  • News

    Hank Greenberg Loves The Treasury’s AIG Exit Plan

    No, just messing. He thinks it sucks, big time.

    / Sep 30, 2010 at 5:41 PM
  • News

    Robert Benmosche Accomplishes Job No One Thought Possible

    Bobby Benmosche, celebrating the fact that he’s survived an entire year to the day at AIG, an achievement no one saw coming. [WSJ]

    / Aug 10, 2010 at 2:48 PM
  • News

    Robert Benmosche Expects Government To Be Out Of AIG’s Hair Soon, Taxpayers To Get Their Money At Some Point

    It pales in comparison to the insurer’s biggest news of the summer but exciting nonetheless.

    / Aug 6, 2010 at 11:41 AM
  • News

    Joe Cassano Coulda Been A Hero, If You’d Let Him Try

    “[Cassano] even went so far as to claim that he might have been able to help minimize the government’s bailout of AIG. Part of the money spent to save the company was funneled to more than a dozen banks that had taken out insurance contracts against AIG defaulting on its debt. “I think I would […]

    / Jun 30, 2010 at 4:48 PM
  • News

    Joe Cassano, Most Selfless Individual In All The Land, Begged His Bosses At AIG To Let Him Not Take A Bonus

    But they said no, Joe, no. You, our adorable little Jon Lovitz lookalike, deserve this. We won’t have it any other way. You have done so much for this company! Letting you walk away without $315 million would be practically criminal. Would you like that in unmarked, non-consecutive twenties? Singles? Briefcase or g-string? Joe Cassano’s […]

    / Jun 30, 2010 at 11:00 AM
  • News

    AIG Reaches Incredible Milestone

    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 […]

    / Jun 18, 2010 at 11:21 AM
  • News

    Benmosche Promises Not To Abandon AIG For A Least Another Year Or So

    Robert Benmosche has a vineyard in Croatia take care of and the finest bathroom fixtures money can buy. And it would be nice to tend to his grapes and enjoy some time on the can without having to worry about the company he’s been tasked with turning around, and the government breathing down his neck. […]

    / Apr 6, 2010 at 1:15 PM
  • News

    Robert Benmosche Has His Reasons For Not Working Out Of AIG’s Corporate Headquarters

    Today the Journal has a story examining the effects of absentee CEOs, particularly those running some of our nation’s shittiest bailed out companies. Though there is the argument that these firms will never learn to stand on their own feet unless we stop coddling them, some feel the absence of daddy chief execs hurts employee […]

    / Mar 31, 2010 at 3:45 PM
  • News

    Robert Benmosche Loves You All

    As you know, AIG’s fourth quarter results came in– not so good!. In any case, Bobby B. is happy and wants the world to know it. AIG reported a loss of $8.9 billion in the fourth quarter, which is an improvement from the $61.7 billion loss in the year-ago period. And this, my friends, is […]

    / Feb 26, 2010 at 12:59 PM
  • News

    Darrell Issa Is Not Finished With Tim Geithner

    Timmy G’s tormentor-in-chief Rep. Darrell Issa will get to the bottom of that whole AIG saga, believe you me. Issa sent yet another letter to Bernanke yesterday, asking him to turn over all Fed documents related to the AIG bailout and its credit-default counterparties. Apparently those 250,000 pages they already turned in don’t reveal anything […]

    / Feb 18, 2010 at 5:00 PM

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