Yet supposedly it was Mr. Greenberg who got this whole thing rolling because he didn\’t want pay kickbacks to his son\’s firm because they cost too much money.
No, it hasn\’t been good for those on the receiving end of the kickbacks. Now it\’s time to address those P&C carriers (with higher rates) who offer kickbacks such as exotic vcations, gifts, cash, etc., to their agents to get them to place their customers\’ business with them even though those customers would have paid less for the same thing with another of the agents\’ carriers he represents What ever happened to \”fiduciary duty\”?
It is sad to see someone whose time has passed and whose thoughts are irrelevant continue to fight for the spot light. Its like an old pitcher whose arm is gone still trying to inpress the girls in the field boxes. Come on Hank….hang it up!
Don\’t utter statements that try to link you with normal people–you are outcast, your reputation is ruined along with that of your family. As if your sons acquired the positions they did based on personal merit.
And all for a little bit of money.
And by the way, you vain old fop, you smell bad and the chicks or youngmen as the case may be, aren\’t buying it either.
Sick of reading about this guy. If he isn\’t singing the praises of the murderous thugs that run the Chinese government, he\’s espousing his wisdom on the Spitzer debaucle.
This guy is so not newsworthy. We long to read and you need to be disaplined enough to publish the good that is being accomplish by real insurance people. This continued yellow press just dampens our enthusiam and further decays our pride in our profession. Junk is junk even if you make money peddling it.
This guy has forgotten more about insurance than any of the other comments will ever know. Look at the results of Spitzers\’ \”probes\”? He has been elected Governor which was the ONLY purpose of going after our industry. Outlawing contingency commissions, a practice used in every type of sales in every industry in our country is NOT allowed in insurance? Wacky stuff.
Those of you criticizing Hank should bow down to this man. He has more knowledge of this industry than any of you \”little\” people every will. You are just mad because he \”ruled\” in a manner you did not like. He took AIG public at $300 million to a market value of $180 billion in 25 years. I loved my stock returns every year. When can I buy some stock in C.V. Starr? I can not wait… Shareholder value, he knows the meaning and methods to generate those returns.
Great knowledge without character and integrity is still worthy of only pity not respect. Huge growth at the expense of those around you and for whom you have pledged to work is still greed. Hank has fowled his own mess kit. All the oportunist Stipzer did was shine the light. Its not about bonuses its about false bids and shady business dealings.
Obtaining a quote from a market, at the clients\’ request, who will not write the polcy without a specific coverage exclusion OR has a higher rating structure for a tough class of casualty business than a competing market is not a \”false bid.\” Spitzer expected Marsh brokers to operate in a sealed bid environment and overscripted the whole thing. Don\’t kid yourself – it was political.
I agree that Mr. Spitzer’s attack of Mr. Greenburg accomplished nothing except riding AIG of a very competent CEO. I knew sooner or later he would step on his middle leg. People are not as good as he advertised himself.
The insurance industry has had enough of you. Everyone is paying for your crimes. Just go away!
Yet supposedly it was Mr. Greenberg who got this whole thing rolling because he didn\’t want pay kickbacks to his son\’s firm because they cost too much money.
No, it hasn\’t been good for those on the receiving end of the kickbacks. Now it\’s time to address those P&C carriers (with higher rates) who offer kickbacks such as exotic vcations, gifts, cash, etc., to their agents to get them to place their customers\’ business with them even though those customers would have paid less for the same thing with another of the agents\’ carriers he represents What ever happened to \”fiduciary duty\”?
It is sad to see someone whose time has passed and whose thoughts are irrelevant continue to fight for the spot light. Its like an old pitcher whose arm is gone still trying to inpress the girls in the field boxes. Come on Hank….hang it up!
Forget Hank hanging it up..his Ego won\’t let him..
Actually, he should be in prison right
now for the fraud he committed…
Don\’t utter statements that try to link you with normal people–you are outcast, your reputation is ruined along with that of your family. As if your sons acquired the positions they did based on personal merit.
And all for a little bit of money.
And by the way, you vain old fop, you smell bad and the chicks or youngmen as the case may be, aren\’t buying it either.
He\’s lucky he didn\’t go out like the boys from Enron. It appears that to defraud ones customers isn\’t quite as bad as defrauding ones employees.
I must be the only who missed the trial the resulted in Hank\’s conviction.
Anyone else notice that Spitzer is now the Governer of NY.
Anyone think there is no connection between high profile cases and Spitzer\’s political ambition.
Anyone think Spitzer has really accomplished anything for anyone but himself?
Sick of reading about this guy. If he isn\’t singing the praises of the murderous thugs that run the Chinese government, he\’s espousing his wisdom on the Spitzer debaucle.
This guy is so not newsworthy. We long to read and you need to be disaplined enough to publish the good that is being accomplish by real insurance people. This continued yellow press just dampens our enthusiam and further decays our pride in our profession. Junk is junk even if you make money peddling it.
This guy has forgotten more about insurance than any of the other comments will ever know. Look at the results of Spitzers\’ \”probes\”? He has been elected Governor which was the ONLY purpose of going after our industry. Outlawing contingency commissions, a practice used in every type of sales in every industry in our country is NOT allowed in insurance? Wacky stuff.
Those of you criticizing Hank should bow down to this man. He has more knowledge of this industry than any of you \”little\” people every will. You are just mad because he \”ruled\” in a manner you did not like. He took AIG public at $300 million to a market value of $180 billion in 25 years. I loved my stock returns every year. When can I buy some stock in C.V. Starr? I can not wait… Shareholder value, he knows the meaning and methods to generate those returns.
Great knowledge without character and integrity is still worthy of only pity not respect. Huge growth at the expense of those around you and for whom you have pledged to work is still greed. Hank has fowled his own mess kit. All the oportunist Stipzer did was shine the light. Its not about bonuses its about false bids and shady business dealings.
Obtaining a quote from a market, at the clients\’ request, who will not write the polcy without a specific coverage exclusion OR has a higher rating structure for a tough class of casualty business than a competing market is not a \”false bid.\” Spitzer expected Marsh brokers to operate in a sealed bid environment and overscripted the whole thing. Don\’t kid yourself – it was political.
I agree that Mr. Spitzer’s attack of Mr. Greenburg accomplished nothing except riding AIG of a very competent CEO. I knew sooner or later he would step on his middle leg. People are not as good as he advertised himself.