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AIG's Long Awaited Shake-Up Arrives [View article]
AIG May Need More Than $20 Billion to Survive [View article]
I was an AIG agent, before that a Life Underwriters agent, before that an agent with Life and Causalty of Tn from 1946 until my retirement. I was the companies #1 selling agent many, many, years, and my basement is full of plaques and awards celebrating my sales accomplishments. I spoke at national and world conventions dozens of times. Through it's predecessors, I helped make AIG what it WAS. It seems the day I died, AIG began to slip. Through my executor's mis-management of my stock account, My dear Wife's AIG holdings have been cut in half, and now she doesn't know whether to hold them and hope for recovery, or divest and cut her losses. The remaining 100,000$ is about all she has left to her name. I hate to say it, but I am terribly ashamed of AIG's mismanagment. I was a salesman, and I sold what I honestly believed to be the highest quality insurance at affordable prices. Since my death, my wife's insurance rates have doubled. I hate to think of all the honest, hardworking people I convinced to buy insurance from AIG. It tarnishes my memory in their eyes for their rates to double, while the companies stock falls by 50%. Why? Greed at the top. Same old story. Super-rich was just not rich enough. There's a special place in hell for the super-greedy. They are assured to have nothing there..., for all eternity.