AIG

  • 15 Apr 2011 at 12:00 PM

Fatal Risk: The Re-Education Of Goldman Sachs

The following excerpt is from Fatal Risk: A Cautionary Tale Of AIG’s Corporate Suicide, a new book by investigative reporter Roddy Boyd.

The role of Goldman Sachs in AIG’s saga had its roots in a little- remarked-upon series of promotions involving a pair of managers known as the “J. Aron guys” taking control of Goldman’s Fixed- Income, Commodities, and Currency unit in the late 1990s. Gary Cohn and Lloyd Blankfein, veterans of Goldman’s sharp-elbowed commodities trading operation, saw a need to do things differently. Read more »

Lloyd Blankfein running AIG. Read more »

  • 25 Feb 2011 at 1:45 PM

AIG: BACK IN THE GAME

AIG executives, in their first conference call with Wall Street analysts in two years, sounded a cautiously optimistic tone as they mapped out the company’s future and explained its weak fourth-quarter operating results…When asked about the market position of AIG’s property and casualty business, now known as Chartis, which a Goldman Sachs analyst described on the call as being “the 800-pound gorilla” of the industry before the financial crisis, Mr. Benmosche quipped: “I would say we are about 780 pounds, and on our way back.” [WSJ]

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

  • 21 Dec 2010 at 11:16 AM

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 to engage in a sexual act impossible to perform on oneself. [Reuters]

  • 09 Nov 2010 at 1:08 PM

Layoffs Watch ’10: Chartis

Cuts going down circa now. Read more »

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