“just doing what you are told” is not, and should not, be a get out of jail free card. If you are told to do something that is illegal or something you believe to be unethical, you owe it to yourself, your profession and to society in general to say NO.
While this entire situation is so misfortunate because the Gen Re execs did not need this involvement with AIG, the government has failed to appropriately recognize the role of CEO micro manager, Joe Brandon, in this entire transaction. Nothing gets done at GRC, esp. a $500MM deal, unless Brandon signs off on it.
What if you have no freakin idea? (I wouldn ‘t expect any mercy from you at this point though – you’ve already defined yourself as a righteous scumbag.)
mr acevedo you must not know very much about the insurance business and it’s history, look up how historically aig has been in the forefront of un-ethical behavior for about the last 60 years
all aig ever does is re-insurance scams sometimes some covert government work in a far off country and that is the reason that hank is teflon don, he has worked with the CIA for about 40 years, check this out you will see that i am right
Now I hope all you Agents and people who criticized my writings get the point.If you think this is exclusive to AIG then you’re sadly mistaken.
Insurance Companies are taking too much money in bonus’ from the public. Then they say they have to raise rates to cover loses.
It’s big numbers game that has run amuck and every company not just insurance companies should be investigated for the same things.Maybe then our economy would be better because the money would MAYBE be passed on to the workers who are in the pit.
That’s garbage!
If execs are making too much money, why aren’t their stockholders sueing them? If the companies are “raking in the dough” why not buy their stock? If they’re charging too much for insurance, why do their competitors not compete? And if they’re charging to much, why to buyers continue to buy?
It seems when you have to perform each quarter for Wall Street you will go to extraordinary measures to satisfy at all costs. I think perhaps the street is responsible for as much bad behavior as it is for producing the godd it does. We will always see the bad overshadow the good in anything. I for one am glad I am not owing to those who would destroy me over a few cents of missed earnings.
I don’t get it. If the fraud was for AIG to inflate it’s reserves, why weren’t AIG execs (other than Milton) on trial? Where was there any benefit to Gen Re or any of the people who now face 260 years in jail?
And why was Greenberg an “unindicted co-conspirator” when it was his company that initiated the whole thing. Isn’t the captain supposed to be in charge of the ship? (And go down with it?)
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to BamBam
“just doing what you are told” is not, and should not, be a get out of jail free card. If you are told to do something that is illegal or something you believe to be unethical, you owe it to yourself, your profession and to society in general to say NO.
While this entire situation is so misfortunate because the Gen Re execs did not need this involvement with AIG, the government has failed to appropriately recognize the role of CEO micro manager, Joe Brandon, in this entire transaction. Nothing gets done at GRC, esp. a $500MM deal, unless Brandon signs off on it.
What if you have no freakin idea? (I wouldn ‘t expect any mercy from you at this point though – you’ve already defined yourself as a righteous scumbag.)
mr acevedo you must not know very much about the insurance business and it’s history, look up how historically aig has been in the forefront of un-ethical behavior for about the last 60 years
all aig ever does is re-insurance scams sometimes some covert government work in a far off country and that is the reason that hank is teflon don, he has worked with the CIA for about 40 years, check this out you will see that i am right
Now I hope all you Agents and people who criticized my writings get the point.If you think this is exclusive to AIG then you’re sadly mistaken.
Insurance Companies are taking too much money in bonus’ from the public. Then they say they have to raise rates to cover loses.
It’s big numbers game that has run amuck and every company not just insurance companies should be investigated for the same things.Maybe then our economy would be better because the money would MAYBE be passed on to the workers who are in the pit.
That’s garbage!
If execs are making too much money, why aren’t their stockholders sueing them? If the companies are “raking in the dough” why not buy their stock? If they’re charging too much for insurance, why do their competitors not compete? And if they’re charging to much, why to buyers continue to buy?
It seems when you have to perform each quarter for Wall Street you will go to extraordinary measures to satisfy at all costs. I think perhaps the street is responsible for as much bad behavior as it is for producing the godd it does. We will always see the bad overshadow the good in anything. I for one am glad I am not owing to those who would destroy me over a few cents of missed earnings.
Amen to BlueMax. You speak the truth, brother.
I don’t get it. If the fraud was for AIG to inflate it’s reserves, why weren’t AIG execs (other than Milton) on trial? Where was there any benefit to Gen Re or any of the people who now face 260 years in jail?
And why was Greenberg an “unindicted co-conspirator” when it was his company that initiated the whole thing. Isn’t the captain supposed to be in charge of the ship? (And go down with it?)