User 158670

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    • It's Time to Break Up AIG [view article]
      mature adult - you miss the point here. you need - literally - a magnifying glass to see all of the different business enterprises this company has created over the years. it is out right labyrinthian. one of the purposes of this structure was to maintain the all roads lead back to Hank concept. he literally was the ultimate authority over any capital decision. absent Greenberg, the company fell into disarray because Greenberg was AIG. the company never was the product of talent and seasoned management. ask anyone to what extent the company succeeds at grooming, training and empowering management? they deserve to be broken up. it's also a company that fails to pay which was Greenberg's philosophy, focused on reducing expense. the immediate casualty was that it is a disincentive to stay there. AIG was and is a stepping stone in one's career. I find it ironic that most of Greenberg's wealth now is tied to a company over which he exercises no control. my bet is that Starr will make a bid for pieces of the company and it will be broken up. AIG was good at making easy money but never groomed the real investing skills that will be required to compete in the current environment - and I do mean insurance as well as the investment management business. Feb 29 09:28 AM
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