Robert Benmosche

  • 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 »

Peter Hancock thinks that the problem at AIG may have something to do with a specific bit of weakness at the top. 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 »

Septebmer 24, 2013: “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.” October 11, 2013 “The vilification of a person or a group of people is not right. It’s never right, and when it happens it should not be trivialized or dismissed lightly, as it too often was in the context of AIG. And when I referred to the South, I unintentionally trivialized a horrible legacy of our country. That was the opposite of my intent.”

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]

  • 14 May 2013 at 3:54 PM

‘STFU’ Is AIG CEO’s Advice To College Grads

Robert Benmosche is still putting the finishing touches on his commencement address of hope. Read more »

  • 11 Dec 2012 at 5:47 PM

AIG’s Remaining Bailout Reduced To Rounding Error

A while back I built a spreadsheet to do math about AIG, and it took me a long time and led to basically one short post with what I still think was a rather lovely blobby picture, so I’m just going to shamelessly reuse that spreadsheet with slight updates and be all OOH LOOK AN IRR:

So yeah: as the AIG bailout saga comes to its sort-of conclusion, we can sort of conclude that the government made a 5.6% return on its money. Assumptions etc. in the original post; the accounting profit ties out reasonably well, if you squint, with the Treasury’s official math.

Herewith some random observations and questions on AIG:1 Read more »