By Sonja Ryst, Research Analyst In a Wall Street Journal article published more than a decade ago and titled “AIG: A Complex Industry, A Very Complex Company,” Lanny Thorndike, manager of the Century Shares Trust mutual fund, expressed his discomfort that he didn’t know everything about the New York-based insurer. He kept a 3-foot-wide color-coded map [...]
Tag Archives | AIG
Biweekly View: AIG’s Financial Statements Remain Incomprehensible
January 31, 2013 in Corporate Governance, Daily Viewpoint
AIG Managers Earned Multi-Millions Post-Bailout
January 9, 2013 in Corporate Governance, Daily Viewpoint
By Sonja Ryst, Financial Reporter American International Group Inc. (AIG)’s senior managers earned multi-million paychecks after the U.S. government bailed the company out in 2008. The New York insurer’s board will reportedly meet today to consider joining a $25 billion shareholder lawsuit alleging that the U.S. government enforced onerous terms in connection with its rescue [...]
Small Print
May 18, 2012 in Daily Viewpoint, Small Print
By Paul Hodgson – CCO and Senior Research Associate Dimon in the Rough From Events Team Leader Mark Magee: a selection of quotations from “that conference call” with JPMorgan’s CEO Jamie Dimon regarding that $2 billion loss, and counting. “We’re willing to bear volatility, and um, that’s life.” “Just because we’re stupid doesn’t mean everybody [...]
Small Print
September 16, 2011 in Small Print
By Paul Hodgson – CCO and Senior Research Associate Under the "Executive Experience Preferred" File Events Analyst [and feature film director] Dovid Muyderman found this piece of doggerel in an August 22nd website release from McGraw-Hill. The McGraw-Hill Companies (NYSE: MHP) today announced that Douglas Peterson (53), currently chief operating officer of Citibank N.A., Citigroup's [...]
Salary Stock Stacked Salaries for Financials in 2010
April 6, 2011 in Daily Viewpoint
Last Friday it was announced that salaries have been frozen by the pay czar for three of the remaining companies covered by TARP. Indeed, senior executives at AIG, General Motors, and Ally Financial Inc. are unlikely to receive salary increases until TARP funds are repaid. What we are seeing so far this proxy season is [...]
Small Print
October 1, 2010 in Small Print
Woman Worth Watching Hey. We didn’t make this up! Events Team Leader Mark Magee just spotted this September 24 website release from ConAgra Foods. ConAgra Foods CMO Joan Chow Named As A "Woman Worth Watching" By Profiles In Diversity Journal Magazine OMAHA, Neb., Sept. 24, 2010 – ConAgra Foods’ Executive Vice President and Chief Marketing [...]