ftalphaville.ft.com - 3/17/2009
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HOW MUCH POWER DOES A MAJORITY SHAREHOLDER HAVE IN AN ORGANISATION? The majority shareholder has great power for that person has the majority in passing the rules of the corporation. In business the stockholders vote by how many stocks they hold. The more stocks you have the bigger your vote. As ...
AIG is Dead; Long Live AIG!
alephblog.com 8/28/2009 — When Robert Benmosche was named CEO of AIG, I thought it was a good thing. Ed Liddy, possibly tired of the abuse, wanted to move on. Liddy was primarily skilled with personal lines P&C insurance, which was a small part of AIG, and has been sold off. Benmosche’s skills extend to ...
A Token Reining in of AIG Bonuses (Banana Republic Watch)
nakedcapitalism.com 3/15/2009 — The kabuki continues. The story from the Washington Post on AIG bonuses would appear to represent a modest win for taxpayers: American International Group is doling out tens of million of dollars in bonuses this week to senior employees. While AIG agreed to pay the bonuses months before the ...
AIG Still Isn't Too Big to Fail
online.wsj.com 3/20/2009 — LUCIAN BEBCHUK The AIG bailout -- at $170 billion and rising -- may end up as the costliest rescue of a single firm in history. There is much debate about bonuses paid to AIG's executives. But there is far too little debate on the government's ...
AIG: Blame the negative publicity…
footnoted.org 5/8/2009 — Journalists really can’t catch a break. The daily tales of more layoffs , unpaid furloughs and magazine closings (including Portfolio, which ran a monthly footnoted column). But now there’s this: those darn journalists are responsible ...
How AIG Failed
portfolio.com 11/3/2008 — The WSJ shines a bit more light on what went wrong at AIG today, with a story centering on the chap who designed its risk models, Gary Gorton. In a nutshell, anybody writing credit protection runs two risks: the default risk of the underlying ...
Outrageous AIG Provokes Outrage From Outraged Americans
tbm.thebigmoney.com 3/17/2009 — Outraged at AIG? Take your spot in line. While you’re there, gawk at all of your esteemed company. First you’ll find both aisles of Congress—“This is an outrage,” Senate Minority Leader Mitch McConnell will be repeating over and over again to ...
AIG: Earnings at 6 AM ET, Webcast at 8:30 AM
calculatedriskblog.com 3/2/2009 — From AIG: American International Group, Inc. (AIG) will report its fourth quarter and full year 2008 results on Monday, March 2, 2009 at approximately 6:00 a.m. EST. AIG’s earnings release and financial supplement will be available in the Investor ...
Duh, Hedge Funds Bought AIG Credit Default Swaps Too
nakedcapitalism.com 3/18/2009 — The Wall Street Journal tells us tonight something that is pretty obvious: hedge funds were often buyers of AIG credit default swaps, either directly, or indirectly, by purchasing structured products that had AIG guarantees, such as collateralized ...
Shock and Awe
epicureandealmaker.blogspot.com 10/30/2009 — What the hell did I ever do to piss Steve Randy Waldman off?
I tell you honestly, Dear Readers, my afternoon conversation with this genial and intelligent gentleman started unremarkably enough, with a little playful banter in the Twitterverse on ...
A brand name that pays back...?
angrybear.blogspot.com 4/22/2009 — rdan 24/7 Wallstreet suggests AIG might pay back much of the money lent to it by Uncle Sam. Is this notion really in the cards for the taxpayer?? AIG (AIG) may be the only large company in America that both the management and federal government want torn apart. If AIG succeeds in selling most ...
"Lives in Danger" at AIG —
The Big Money 3/17/2009
Working for a vilified corporate titan is not easy these days, but for AIG execs, Monday was a day they probably should have stayed at home. Death threats against employees, possible fresh subpoenas, indignation from lawmakers and a vow from ...
The Real AIG Scandal —
The Big Money 3/17/2009
Everybody is rushing to condemn AIG's bonuses, but this simple scandal is obscuring the real disgrace at the insurance giant: Why are AIG's counterparties getting paid back in full, to the tune of tens of billions of taxpayer dollars?
For the ...
MTV Inadvertently Airs Geithner and Liddy Drama —
The Big Money 3/17/2009
The AIG drama is a layered affair. There’s the initial outrage between the American people and the company, of course. But there’s also the more personal drama playing out between many of the officials and executives involved. The galling bonus ...
The Bigger Question Raised by AIG’s Bonuses —
The Big Money 3/17/2009
Andrew Ross Sorkin defends the AIG bonuses in today’s New York Times in the name of “the sanctity of contracts.” He asks, “If you think this economy is a mess right now, imagine what it would look like if the business community started to ...
IBM to Buy Sun Microsystems? —
The Big Money 3/18/2009
In a story that is just breaking this morning, The Wall Street Journal reports IBM is in early stage talks to buy Sun Microsystems "in a combination that would bolster IBM's heft on the Internet, in software and in finance and telecommunications ...
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