Ed Liddy can’t be blamed for exiting. He took a lot of abuse for others’ mismanagement and unethical conduct. But now what? Who would take this job? What kind of experience, skills and personality are needed? Any suggestions for candidates out there? Hank Greenberg? Eliot Spitzer? Someone from Warren Buffet’s group? Should it be an insurance person? Farmers’ CEO Hopkins? An AIG insider? Kristian P. Moor? Or someone who left AIG recently? Kevin Kelly? Good time for a woman or minority? Someone with star power– Bill Clinton? Jim Cramer? A regulator type? Tim Geithner? Mary Schapiro? Hope they increase the salary to at least $2.
Jim Schiro of Zurich has my vote. Fiscally responsible CEO who turned the company around and has implemented sweeping change. That is what AIG needs. A paradigmatic cultural shift.
Can not blame Liddy for exiting at all. Now as for who would be willing to put themselves in the line of fire…and for what price…it has to be a very very very short list.
Schiro would be a great candidate. He could certainly handle the challenge. He is under contract with Zurich until the end of 2009. He has made it clear that he is going to retire and exit from Zurich at that time. It seems that he is really wanting to retire and spend time with his family. Zurich will be loosing a great leader when he leaves.
Liddy was over his skis from beginning; running a company whos principal business is PL and running one that underwrites some of the most complex risks in the world is not interchangeable; nothwithstanding the political pressures
What has happened to those who created the mess? Until something is done, such as trying them in the courts and hope of throwing them in the juzgao, we just can’t go-past-go or settle for less. Afterwards we can talk business. The American public is not receptive until something is done. Obama is now backing off from prosecuting these business intellectual criminals. What good have they done for American pride? The stuffed shirts in black suits, expensive ties, and chauffer driven limousines, have given us a huge black-eye. Does success imply criminality? Many clients seem to think that an agressive successful American business person must be have a larcenous heart. Liddy may be a tremendous and savy business man, but 50% of Allstate’s insurance agents filed lawsuits against him before he vamoosed from that company. He left piles of problems behind him there. Sure hope Warren Buffet and Bill Gates do not disappoint us in our beliefs in American Enterprise and Corporate America. It’s bad enough having to contend with the warmongers in our country for sending our children to kill other children.
Let the Board of Directors put in a little overtime to run it themselves. Maybe they could ‘earn’ some of the fees they were paid while letting this thing go down the toilet at our expense.
It will be a blessing for Zurich Financial when James Schiro leaves the enterprise. As he has little understanding and interest for cultures other than the American way, he would be better off leading an American company and further enjoying his extravagant corporate-jet-lifestyle while still permanently managing his “public perception” through the media – something that did, does and will not go down well with the real insurance professionals in ZFS outside the US.
Ed Liddy can’t be blamed for exiting. He took a lot of abuse for others’ mismanagement and unethical conduct. But now what? Who would take this job? What kind of experience, skills and personality are needed? Any suggestions for candidates out there? Hank Greenberg? Eliot Spitzer? Someone from Warren Buffet’s group? Should it be an insurance person? Farmers’ CEO Hopkins? An AIG insider? Kristian P. Moor? Or someone who left AIG recently? Kevin Kelly? Good time for a woman or minority? Someone with star power– Bill Clinton? Jim Cramer? A regulator type? Tim Geithner? Mary Schapiro? Hope they increase the salary to at least $2.
There is no reason to keep AIG or AIU alive
sell everything get the best price but sell in next two years
The US Gov with get partial repayment
but it will be a loss….shareholders nothing…
Our industry will be better off withour the OLD AIG
the new owners will sufferunderwriting losses if they let the current underwriters undercut this soft market
WE the USA does not need this COMPANY!
Jim Schiro of Zurich has my vote. Fiscally responsible CEO who turned the company around and has implemented sweeping change. That is what AIG needs. A paradigmatic cultural shift.
Mission accomplished, he got the funds to Goldman and now his job is over!
1. Is Liddy getting a bonus upon exiting or did he really work for just a $1? Wouldn’t that be a violation of the minimum wage law?
2. Bring back Hank Greenberg. He is the only one who understood AIG!
That’s not all AIG needs!
only applies to non-exempt employees.
Can not blame Liddy for exiting at all. Now as for who would be willing to put themselves in the line of fire…and for what price…it has to be a very very very short list.
Bottom line…who in the world would want this job!
No better man that I can think of to run this show!!!
Schiro would be a great candidate. He could certainly handle the challenge. He is under contract with Zurich until the end of 2009. He has made it clear that he is going to retire and exit from Zurich at that time. It seems that he is really wanting to retire and spend time with his family. Zurich will be loosing a great leader when he leaves.
Kevin Kelley would be a good choice, if he did not already have a great job and no baggage at Ironshore. AJ
Liddy was over his skis from beginning; running a company whos principal business is PL and running one that underwrites some of the most complex risks in the world is not interchangeable; nothwithstanding the political pressures
What has happened to those who created the mess? Until something is done, such as trying them in the courts and hope of throwing them in the juzgao, we just can’t go-past-go or settle for less. Afterwards we can talk business. The American public is not receptive until something is done. Obama is now backing off from prosecuting these business intellectual criminals. What good have they done for American pride? The stuffed shirts in black suits, expensive ties, and chauffer driven limousines, have given us a huge black-eye. Does success imply criminality? Many clients seem to think that an agressive successful American business person must be have a larcenous heart. Liddy may be a tremendous and savy business man, but 50% of Allstate’s insurance agents filed lawsuits against him before he vamoosed from that company. He left piles of problems behind him there. Sure hope Warren Buffet and Bill Gates do not disappoint us in our beliefs in American Enterprise and Corporate America. It’s bad enough having to contend with the warmongers in our country for sending our children to kill other children.
Let the Board of Directors put in a little overtime to run it themselves. Maybe they could ‘earn’ some of the fees they were paid while letting this thing go down the toilet at our expense.
It will be a blessing for Zurich Financial when James Schiro leaves the enterprise. As he has little understanding and interest for cultures other than the American way, he would be better off leading an American company and further enjoying his extravagant corporate-jet-lifestyle while still permanently managing his “public perception” through the media – something that did, does and will not go down well with the real insurance professionals in ZFS outside the US.