BRING BACK HANK
Liddy? – here in IL we know all about how dirty Allstate is -denying claims, paying off gov’t oversee groups and polititians. Oh yeah there’s a big help.
God keep us all safe if that comes to pass
All of AIG problems materialized in less than 3 years from his departure after 40 year run. I’m sure there were no residual effects from his tenure. I’m sure the company abandoned all ties to Hank’s way of doing things the day he left. Get real. He steered this company towards this path a long time ago. Just because he was not in the drivers seat at the moment of impact does not mean he had nothing to do with the course the company was on.
Greed, plan and simple. Hank and his cronies wanted $ now and were not looking at long term consequences.
Bring back true leadership to the corporate world. Leaders that understand the impact of their discussions down to the line level employee. Leaders that can rise above Wall Street pressures, and not cave to short term earnings at the expense of long term stability. Bring back the real leaders. Not Hank.
It is obvious that the author of the previous message does not know about Hank Greenber’s management style, which is “HANDS ON.” The credit default swaps may have started while he was at AIG but I doubt that they would have mushroomed into this disaster under his watch.
It’s Hank’s hands on approach that led to AIG’s problems. I’m sure he would have cooked the books a little more to avoid the “mushroom” but the underlying problem would still be there. The reason the Execs after him have failed is becasue they we trying to clean up Hank’s mess.
If Liddy accepts Hanks offer of help, his role would be to listen and accept only what makes sense to him. Aig should not turn down any offers of knowledgeable advise at this dark time. I’m sure after 40 yrs running AIG he would have some insightful advise to offer. Also, his offer of help could be motivated by his 12% interest in Aig.
I am not happy about Hank cooking the books. But really it was Hank, Spitzer, poor gov regs, poor banking regs and Wall Street that took AIG down.
I’m one of many small investors who has taken it on the chin as an Aig investor.
the arrogant AIG has finally seen their ‘ways’ come back to haunt them. in a culture of win at any cost so long as it generates revenue, another of their inventive and creative tools has come back to probably destroy the company. i believe this is the same company that was selling ‘insurance’ for known losses so companies didn’t need to show losses on their balance sheets, and a few people ended up in prison for that ‘bold’ idea. the bonds idea will out do that idea, sending everyone to the poor house. RIP AIG.
I Agree with underyder, but Sullivan’s golden parachute was also wrong, and it’s not the only one in the corporate world. CEOs should be paid based on performance, like a small percentage of net income!
they shoulda brought Hank back…..
Yes they should have. He ran it for 40yrs dont they think he knows what he is doing?
BRING BACK HANK
Liddy? – here in IL we know all about how dirty Allstate is -denying claims, paying off gov’t oversee groups and polititians. Oh yeah there’s a big help.
God keep us all safe if that comes to pass
Hank Greenberg is my candidate. He had built up AIG over the years and had he been at the helm this disaster would not have happened!
Bring back Hank huh? Amazing.
All of AIG problems materialized in less than 3 years from his departure after 40 year run. I’m sure there were no residual effects from his tenure. I’m sure the company abandoned all ties to Hank’s way of doing things the day he left. Get real. He steered this company towards this path a long time ago. Just because he was not in the drivers seat at the moment of impact does not mean he had nothing to do with the course the company was on.
Greed, plan and simple. Hank and his cronies wanted $ now and were not looking at long term consequences.
Bring back true leadership to the corporate world. Leaders that understand the impact of their discussions down to the line level employee. Leaders that can rise above Wall Street pressures, and not cave to short term earnings at the expense of long term stability. Bring back the real leaders. Not Hank.
Lets get Hank back in the mix to assist Liddy. Pay off the loan as quickly as possible to reestablish market credability.
It is obvious that the author of the previous message does not know about Hank Greenber’s management style, which is “HANDS ON.” The credit default swaps may have started while he was at AIG but I doubt that they would have mushroomed into this disaster under his watch.
It’s Hank’s hands on approach that led to AIG’s problems. I’m sure he would have cooked the books a little more to avoid the “mushroom” but the underlying problem would still be there. The reason the Execs after him have failed is becasue they we trying to clean up Hank’s mess.
If Liddy accepts Hanks offer of help, his role would be to listen and accept only what makes sense to him. Aig should not turn down any offers of knowledgeable advise at this dark time. I’m sure after 40 yrs running AIG he would have some insightful advise to offer. Also, his offer of help could be motivated by his 12% interest in Aig.
I am not happy about Hank cooking the books. But really it was Hank, Spitzer, poor gov regs, poor banking regs and Wall Street that took AIG down.
I’m one of many small investors who has taken it on the chin as an Aig investor.
the arrogant AIG has finally seen their ‘ways’ come back to haunt them. in a culture of win at any cost so long as it generates revenue, another of their inventive and creative tools has come back to probably destroy the company. i believe this is the same company that was selling ‘insurance’ for known losses so companies didn’t need to show losses on their balance sheets, and a few people ended up in prison for that ‘bold’ idea. the bonds idea will out do that idea, sending everyone to the poor house. RIP AIG.
I Agree with underyder, but Sullivan’s golden parachute was also wrong, and it’s not the only one in the corporate world. CEOs should be paid based on performance, like a small percentage of net income!
If Hank were in charge, AIG would have simply called their reinsurers and asked for more “finite reinsurance”.
I still find it amazing that Hank supposedly had no idea that was going on.