This guy has forgotten more about insurance than any of the other comments will ever know. Look at the results of Spitzers\’ \”probes\”? He has been elected Governor which was the ONLY purpose of going after our industry. Outlawing contingency commissions, a practice used in every type of sales in every industry in our country is NOT allowed in insurance? Wacky stuff.
Those of you criticizing Hank should bow down to this man. He has more knowledge of this industry than any of you \”little\” people every will. You are just mad because he \”ruled\” in a manner you did not like. He took AIG public at $300 million to a market value of $180 billion in 25 years. I loved my stock returns every year. When can I buy some stock in C.V. Starr? I can not wait… Shareholder value, he knows the meaning and methods to generate those returns.
Great knowledge without character and integrity is still worthy of only pity not respect. Huge growth at the expense of those around you and for whom you have pledged to work is still greed. Hank has fowled his own mess kit. All the oportunist Stipzer did was shine the light. Its not about bonuses its about false bids and shady business dealings.
Obtaining a quote from a market, at the clients\’ request, who will not write the polcy without a specific coverage exclusion OR has a higher rating structure for a tough class of casualty business than a competing market is not a \”false bid.\” Spitzer expected Marsh brokers to operate in a sealed bid environment and overscripted the whole thing. Don\’t kid yourself – it was political.
I agree that Mr. Spitzer’s attack of Mr. Greenburg accomplished nothing except riding AIG of a very competent CEO. I knew sooner or later he would step on his middle leg. People are not as good as he advertised himself.
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This guy has forgotten more about insurance than any of the other comments will ever know. Look at the results of Spitzers\’ \”probes\”? He has been elected Governor which was the ONLY purpose of going after our industry. Outlawing contingency commissions, a practice used in every type of sales in every industry in our country is NOT allowed in insurance? Wacky stuff.
Those of you criticizing Hank should bow down to this man. He has more knowledge of this industry than any of you \”little\” people every will. You are just mad because he \”ruled\” in a manner you did not like. He took AIG public at $300 million to a market value of $180 billion in 25 years. I loved my stock returns every year. When can I buy some stock in C.V. Starr? I can not wait… Shareholder value, he knows the meaning and methods to generate those returns.
Great knowledge without character and integrity is still worthy of only pity not respect. Huge growth at the expense of those around you and for whom you have pledged to work is still greed. Hank has fowled his own mess kit. All the oportunist Stipzer did was shine the light. Its not about bonuses its about false bids and shady business dealings.
Obtaining a quote from a market, at the clients\’ request, who will not write the polcy without a specific coverage exclusion OR has a higher rating structure for a tough class of casualty business than a competing market is not a \”false bid.\” Spitzer expected Marsh brokers to operate in a sealed bid environment and overscripted the whole thing. Don\’t kid yourself – it was political.
I agree that Mr. Spitzer’s attack of Mr. Greenburg accomplished nothing except riding AIG of a very competent CEO. I knew sooner or later he would step on his middle leg. People are not as good as he advertised himself.