Looking back at Benmosche's time as AIG's chief


AIG today is half its pre-crisis size in terms of assets and revenues, but its 2013 profit was nearly two-thirds its 2006 income of $14B. and higher than $6.2B in 2007.

If Bob Benmosche had a genius, it was his ability to unload assets at decent prices over the past several years in what not only was a buyer's market, but often where there weren't any buyers at all.

If Benmosche had a weak spot, it was his blunt talk (sometimes known as telling the truth), including his claim that public outrage over bonuses paid to some AIG employees was based on "ignorance." As politically incorrect as that statement may have been, its purpose seemed clear: To let Benmosche take the heat for his troops.

"Often times, with firms that survive trouble, they end up with the CEO the firm needs, not the one they want,” he said.

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Comments (8)
  • alphagabby
    , contributor
    Comments (573) | Send Message
     
    Thanks for the ride, Bob. : )
    13 Jun 2014, 04:11 PM Reply Like
  • Kamil Kolacek
    , contributor
    Comments (1109) | Send Message
     
    This guy did a heckuva job, so what if he was a bit blunt and a straight-talker!
    13 Jun 2014, 07:46 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (10972) | Send Message
     
    Three and a half years ago there were open calls for Benmosche to be fired.

     

    Just goes to show you...one should always act according to the opposite of what they say on CNBC.
    13 Jun 2014, 07:47 PM Reply Like
  • Nettligent
    , contributor
    Comments (1346) | Send Message
     
    I wish America has more Bob Benmosche in future to rebuild America. We love Benmosche and US Taxpayers from bottom of our heart. Respectfully yours;
    13 Jun 2014, 08:06 PM Reply Like
  • joseph nanci
    , contributor
    Comments (38) | Send Message
     
    BENMOSCHE IS.........a smart BUSINESS MAN,

     

    BENMOSCHE IS........A PROBLEM SOLVER.

     

    BENMOSCHE IS.........A VISIONARY

     

    BENMOSCHE IS.........A MAN OF HIS WORD.

     

    BENMOSCHE IS.........A HARD-WORKING LEADER.

     

    BENMOSCHE ....LOVES THIS COUNTRY AND THE STOCK-HOLDERS OF AIG.

     

    MR.ROBERT WE(I) LOVE YOU.
    THANK YOU.
    14 Jun 2014, 12:08 AM Reply Like
  • aopblom
    , contributor
    Comment (1) | Send Message
     
    Hear, hear, what a hero an example for all Business Leaders to LEAD from the gut!
    14 Jun 2014, 07:44 AM Reply Like
  • hksche2000
    , contributor
    Comments (1391) | Send Message
     
    Why is BB stepping down? Health issues?
    Else, he would still be the best person to continue AIG's rehab.
    14 Jun 2014, 11:38 PM Reply Like
  • Director one
    , contributor
    Comments (62) | Send Message
     
    I had the pleasure of serving on a board with him.......and every opinion on the positive side is correct.......I hope he beats the health issue......best to him and his family.........J DEVINE
    16 Jun 2014, 07:37 AM Reply Like
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